Strong demand: A file picture shows the Manhattan skyline standing past buildings of the Dumbo Heights campus, foreground, in the Brooklyn borough of New York. The number of newly built units that changed hands in the fourth quarter more than doubled from a year earlier, to 552. – Bloomberg
Median price jumps 17% to US$1.15mil
NEW YORK: Manhattan home prices surged to a record in the fourth quarter, propelled by closings of luxury deals in new developments that were agreed to years ago, when construction was just starting on many of the buildings.
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