The Real Deal New York

Corcoran sees modest improvement in Manhattan residential market

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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