New York City real estate prices have increased from the beginning of the year

The average price of Manhattan apartments has also shown some gains from the beginning of this year, though it is down a little from a year ago. The average price in the second quarter was $1.33 million, which is an 8% increase from the beginning of the year. According to a report from appraisal firm Miller Samuel, as noted in The Real Deal, Manhattan sales numbers jumped dramatically from a year ago. Looking at these numbers, it looks as if the city’s residential sales are continuing to show a good market. The number of Manhattan sales jumped in the second quarter of 2007, from 1,934 a year ago to 3,939 transactions this year. That number also shows a 13.4% jump from the first quarter of this year.