By Nina Mandell
DNAinfo Reporter/Producer
MANHATTAN — Apartment sales were up in Manhattan over the last quarter, but prices stayed flat or even dropped in some categories, the New York Times reported Thursday.
After a large downturn in the market last year, housing sales were up 80 percent from this time in 2009, and up 15 percent from the previous quarter, according to paper. The increase put sales on track for historically normal levels.
The housing market took a huge hit following the financial disaster of 2009, causing apartment prices to bottom out and many sales of new condos to go on hold.
But the latest news is encouraging for realtors.
"Buyers are getting a lot more for their money, and they’ve jumped back in and are taking advantage of it," one Corocoran executive explained to the Times.
The types of apartments being sold has also shifted due to market. Large apartment sales make up more of the market share, while prices on those units remain relatively flat, according to the Times.
