NEW YORK CITY-Although home sales have dropped nationwide, apartment sales in Manhattan has grown stronger this summer. Median prices and the total number of apartment closings have increased in Manhattan.
Median home sale price in July was $900,000 in Manhattan compared to a national median sales price of $182,600. Following the termination of housing tax credits, existing homes sales across the country dropped sharply by 27% in July, but it had less of an impact on the Manhattan market. For the full story, go to Wall Street Journal.
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