Number of apartment sales in Manhattan drops while prices rise, report shows

  • Manhattan totaled $1.9 billion in gross sales last month, all apartment types considered.
  • Downtown as a whole fetched $591 million in condominium sales and was the highest-grossing region in Manhattan.
  • Midtown was the second-highest grossing region in Manhattan with $326 million in sales last month.
  • Meanwhile, in the Financial District, 30-day price averages increased a substantial 20.7 percent. In Battery Park City, monthly averages increased 22.2 percent.

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In the four weeks prior to February 1, the number of recorded sales in Manhattan dipped from 1,020 to 894 units, according to CityRealty’s March report. Conversely, average sales price remained stagnant at $2.1 million across both condos and co-ops compared with the preceding month.