Condo Sales See April Increases in Manhattan, Brooklyn and Beyond
New signed contracts for all three residential property types in Manhattan—condominiums, co-ops and one- to three-family homes- expanded annually for the past three months ending April 30, Miller Samuel’s Jonathan Miller reported Friday.
The appraiser, who has covered residential sales for Douglas Elliman Real Estate since 1994, had similar reports for Brooklyn, Westchester County and Fairfield County in Connecticut, as well as Florida, California and Aspen, CO.
For Manhattan, Miller wrote, “The new signed contract gains were significantly larger for this March and April because the year-ago period marked the early days of the pandemic lockdown. New inventory jumped annually for the most recent two months for the same reason.”
Commenting on the latest sales figures across the New York region as well as in other parts of the country, Miller wrote, “What was most surprising about the April results was the continued surge in activity across the board.”