Scorecard: Manhattan condo prices bounced back to end 2016

A monthly round-up of news and reports on the residential market
By Will Parker | February 22, 2017 09:00AM

From the February issue: The median resale price of a Manhattan condominium stood at almost $1.5 million in December 2016, up from the previous month but down from $1.6 million a year earlier, based on closed sales in city records.

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New-development prices, however, rose almost 50 percent year-over-year in the borough to reach $2.97 million in December.

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In Brooklyn and Queens, condo resales have gone three months with little price growth or reduction, but new-development prices in both boroughs finished the year at their second-highest point of the past 13 months.

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