The Real Deal New York

Closed sales lag at the top of the market

At the uppermost reaches, listings trump sales big time
By E.B. Solomont | April 07, 2015 11:30AM

From the April issue: With a handful of record sales in the past year, there’s no question Manhattan real estate has entered a new stratosphere. But even as asking prices at the very top of the market are shooting up, the city’s priciest closed sales have lagged by comparison. [more]