The Real Deal New York

Corcoran sees modest improvement in Manhattan residential market

March 10, 2010 07:22PM

Manhattan residential sales activity picked up for the Corcoran Group in February, according to market data from the residential brokerage. Condominium unit sales
closed by the company increased 9 percent month-over-month, according to the
company’s monthly market snapshot, while co-op sales shot up 23 percent
during that same time period. But while co-op sales prices were able to hold
steady with an approximately 5 percent increase between January and
February, condo prices were 4 percent lower in February 2010 than they were
in the previous month. TRD

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