NEW YORK CITY-In the first half of 2012, both dollar volume and property sales numbers are up citywide, a sign that the investment sales market is stabilizing and nearing “healthy” levels, brokers said during Massey Knakal Realty Service’s mid-year press briefing this morning. According to new data from the firm, New York City saw $14.4 billion in sales in the first and second quarter this year, a 14% increase from Q1 2011, putting the market on-track for a projected $30 to $32 billion in sales by year’s end.

“At the beginning of the year we predicted a large increase in dollar volume, and we are right on track for that based on what we think the second half is going to look like,” Paul Massey Jr., CEO and founding partner at Massey Knakal, said at the press conference.

The results are a reflection of increased activities across the board, including increased activity in Brooklyn, Northern Manhattan, the Bronx and Queens. In the first half, the city saw 1,310 property trades, and Massey said the firm is tracking 2,620 sales on an annualized basis by the end of the year, which would be a 20% increase from 2011’s total 2,222 sales. “Historically, stability is 3,500 [sales],” he said. “We are optimistic about velocity increases continuing as we get back to what you’d consider a normal market.”