Manhattan condo market report finds rising prices falling sales

  • Downtown Manhattan was home to the largest percentage of condo sales, comprising 46 percent of the market.
  • The average sales price of a Manhattan condo was $2.2 million in the four weeks leading to September 1.
  • New developments cost an average $2,480 per square foot in August, compared with the $1,695 for non-new condo sales.

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CityRealty.com released its September Monthly Market Report for the Manhattan real estate market, finding that home prices rose in the weeks leading up to September 1 and home sales dipped during that time frame. The average price for a place in Manhattan inched up to $2.2 million from $2.1 million the previous month.