April 5th 2022
CityRealty
The first quarter of 2022 draws to a close with the first interest rate increase in more than three years on the horizon and amidst uncertainty about the war in Ukraine, but that does not seem to have cooled the Manhattan real estate market. A report from Douglas Elliman found that in 2022, Manhattan reported the highest number of units ever sold during the first quarter of any year since at least 1989. Coldwell Banker Warburg concurs, with President Frederick Warburg Peters observing that “sales have remained brisk throughout the first quarter.”