Tuesday, 2 July 2019

Manhattan condo sales increase in June as buyers rush to avoid mansion tax

In June, as the deadline for the mansion tax neared, buyers rushed to close condo and co-op sales across Manhattan, triggering a sharp uptick following months of decline. Figures from the latest Douglas Elliman market reports show that year-over-year sales increased in June for the first time in six quarters, and the median sale price increased by a record 10.5 percent to $1.22 million. The spike was driven in part by the expanded mansion tax […]



source https://therealdeal.com/2019/07/02/manhattan-condo-sales-increase-in-june-as-buyers-rush-to-avoid-mansion-tax/

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