New Yorkers get Condos of all Styles and Types This Fall

Much like the weather this time of year, New York’s real estate forecast for fall is mixed.

On the one hand, in the second quarter of 2017, sales jumped 15.2% year-on-year in Manhattan, according to the latest report by Douglas Elliman Real Estate. New development closings rose over 10%, accounting for 17.6% of market share. The average and median new development prices reached record highs in Manhattan as well as in Brooklyn, where the median sales price rose over 20%, to $795,000, a record.