Industry NewsMarkets & Economy

N.Y. condo sales up sharply

Prices see more modest increases
Published on Oct 5, 2009

Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

Condo sales jumped 45.6 percent from the second quarter to the third, helping boost the median sales price of both new and re-sale units, according to a report prepared by the appraisal firm Miller Samuel Inc. for Prudential Douglas Elliman Real Estate.

The median price for a Manhattan condo grew by 1.7 percent from quarter to quarter, to $850,000, but was down 8.4 percent from a year ago, the report said.

Comments