From the May issue: The first-quarter Manhattan market reports arrived last month, bringing (mostly) good news for the industry. First, an eye-popping jump in activity buoyed agents’ spirits. There were 2,384 Manhattan home sales in the first quarter, a stunning 99.5 percent leap from the same period of last year, according to Prudential Douglas Elliman’s report. That’s impressive, even considering that last year’s activity was unusually low because of the recession. [more]
