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by CareyBot

New York home prices continue to buck national trends, as the average and median prices in all five boroughs rose steadily in the second quarter, a new report shows. Average apartment prices increased 8 percent citywide in the second quarter, and average prices for one- to three-family dwellings increased 5 percent, according to a report from the Real Estate Board of New York, a real estate trade group with more than 12,000 members. The report found that the average sales price overall for cooperatives and condominiums in New York City was $831,000, compared with $769,000 during the second quarter of 2006. For one- to three-family dwellings, the average sales price was $622,000 compared with last year's average of $592,000. According to the report, Manhattan had the highest average sales p...