1Q: Not even leaks in any bubble

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On the heels of broker buzz of a slowdown in the market, the Real Estate Board of New York has released its figures for the first quarter of 2005 showing 12 records set throughout Manhattan. Northern Manhattan did particularly well, seeing a jump in condominium prices of 68 percent from a year ago to a median price of $353,000, and median prices also soared in the north’s smaller co-op market, jumping 81 percent to $488,000 over the same period. more [Post]