Manhattan home sales breaking records left and right

  • Homes under $2.5 million accounted for $1.3 billion in sales in the first quarter of the year.
  • Twenty four percent of home sales in the first quarter, or $1.1 billion, were homes at or above $10 million.
  • April saw fairly stagnant home prices after months of record-breaking home sales trends.

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Manhattan home sales are going nowhere but up, and the first quarter of 2016 was record-breaking, according to a recent market report. Heading into the start of the second quarter home sales prices began to slow just a tad, but that’s no cause for concern.