The real estate market in Manhattan makes shifts in a New York minute. In just one year, median sales price across the borough scaled 13.1 percent to reach a new record of over $1.1 million, according to Douglas Elliman’s Q2 report. At $1,759 per square foot, Manhattan hit another record, thanks to a 31.3 percent increase year-over-year. Douglas Elliman The average sales price rose 13.1 percent year-over-year, reaching just under $2.03 million. And sales picked up in the second quarter by 2.3 percent year-over-year, with 2,736 closings. Looking deeper, co-op median sales price dipped 3.5 percent since Q2 of 2015 to $767,500 while condo median sales price rose 13.4 percent to over $1.57 million. Are buyers losing leeway in Manhattan? Douglas Elliman Real estate guru and…
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