A Super Strong 1st Quarter: Manhattan Residential Real Estate Soars Again!
A Super Strong First Quarter: Manhattan Residential Real Estate Soars Again!
But experts said the overall market numbers, while undoubtedly strong, may be somewhat deceptive. That’s because the first quarter of 2013, with which comparisons are made, was particularly weak, coming directly after a frantic fourth quarter, which saw a rush of closings ahead of an expected rise in capital gains taxes. Month-over-month increases paint a slightly less dramatic picture.
Sources: Streeteasy, The Real Deal, The Wall Street Journal