Prices are higher than ever in Manhattan, while inventories and time-on-market are down. You got a problem with that?
By Les Christie, CNNMoney.com staff writer
July 3 2007: 3:39 AM EDT
NEW YORK (CNNMoney.com) -- If there's one place where the housing slump seems to be a figment of the imagination, it's New York City. A home in Manhattan is more expensive than ever, according to the latest reports from several big New York real estate brokers.
The median Manhattan condo or co-op apartment sold for between $840,000 and $895,000 during the three months ended June 30. The low estimate was reported by two brokers, Halstead Property and Brown Harris Stevens, while the Corcoran Group pegged it at $875,000, and Prudential Douglas Elliman recorded the high figure among the group.
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