Manhattan Residential Real Estate Sales Hit $7.3 Billion in Q1 2022.

A three-bedroom, three-bath apartment in Manhattan’s Lenox Hill section, that rented for $8,000 a month. photo courtesy of Michael Shapot, Keller Williams, Manhattan

High-end real estate sales in Manhattan reached $7.3 billion in the first quarter of 2022, a marked improvement after the industry was hit hard during the two-year pandemic, according to the latest sales reports.

The positive data is one of the strongest starts to a year on record as the NYC market accelerates upward, with no sign of a slowdown.