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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.”


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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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