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Market Reports

Between last week's Manhattan sales market reports and tomorrow's rental market ones, Crain's drops in a few more sales market stats for all five boroughs. According to the Real Estate Board of New York, $7.67 billion worth of real estate traded in NYC last quarter, about 3 percent more than in the second quarter of 2011. Manhattan transactions accounted for 62.4 percent of the total, and Brooklyn transactions made up 17.3 percent, dropping Queens into third place with 15.3 percent. REBNY researchers are also talking about market stability, and after the ups and downs of the last few years, the word has a nice ring to it. [Crain's; previously]