Manhattan Real Estate Market Heating Up

Jan 10, 2007

The surprising surge in buying activity during the last two weeks of 2006, usually quite slow due to the holidays, has carried over with a vengeance in early 2007. Open houses were packed with hungry buyers this past weekend. In the meantime, the fourth quarter sales numbers have been released. According to Miller Samuel, a leading independent appraisal firm, average sales prices in Manhattan increased by a respectable 3.2% in the fourth quarter of 2006, compared to the same period last year.

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