Q2 2015 Residential Sales Report

The New York City residential sales market posted higher average sales prices along with increased sales in the second quarter of 2015 compared to the second quarter of 2014.

The average sales price of a NYC home increased 12 percent to $923,000 compared to last year’s second quarter of $826,000 driven by a large average price increase in Manhattan as well as substantial average price increases in the other boroughs.