The first quarter of 2020 was a strong one for residential sales despite the coronavirus pandemic’s drag on fresh inventory. The number of deals jumped as prices dropped and new development closings soared, according to appraiser Jonathan Miller’s quarterly report for Douglas Elliman. Miller said the report by and large does not yet reflect the crisis that cost thousands of New Yorkers their jobs and brought many of the city’s businesses to a halt over
source https://therealdeal.com/2020/04/02/strong-quarter-for-manhattan-home-sales-belies-current-struggle/
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