With autumn quickly approaching, activity is slowing for Manhattan apartment sales. While the number of sales tapered between July and August, average price lifted, according to CityRealty’s monthly market report.
- Manhattan sellers closed 923 units last month, down from 1,086 in July.
- The average price for a Manhattan apartment jumped from $2.1 million in July to $2.2 million in August.
- Downtown and Midtown were the two highest grossing regions in Manhattan for new development, resale condos and co-ops.