Manhattan Real Estate Finally Bounces Back to Normal
The volume of sales surges back to pre-pandemic levels, but prices are up just slightly.
“A year-and-a-half after the pandemic began, it’s safe to say that New York City has its mojo back,” said Pamela Liebman, the president and chief executive of the Corcoran Group.Credit.Katherine Marks for The New York Times
July 2, 2021, 12:01 a.m. ET
As vaccination levels rise and businesses reopen, residential real estate has finally bounced back to where it was before Covid devastated New York.
In Manhattan this spring, the number of apartments that sold was more than double what it was a year ago, when the city was locked down in the early days of the pandemic, according to a half dozen market reports released Thursday.