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