NYC Real Estate Boom: Manhattan Dominates Luxury Market
2025-04-30
NYC's median home sale price jumped 10% year-over-year in Q1 2025, reaching $768,000. Manhattan claimed the top five priciest neighborhoods, with Hudson Yards leading at a staggering $5.355 million median sale price. Brooklyn and Queens also saw significant increases, with multiple neighborhoods in the city's top 50 most expensive areas. However, these increases paled in comparison to Manhattan's surge. The Bronx saw the smallest increase, with no neighborhoods making the top 50. The report highlights the impact of increased transactions and higher-priced homes driving up prices in certain areas, showcasing a dynamic and stratified NYC real estate market.
(qns.com)