The opportunity to own a piece of Manhattan at a discount is vanishing as thousands of Americans jump in to buy real estate, boosting the struggling New York City market.
More than 2,000 properties were sold in the first quarter of 2021, up 6.6 percent from the year-earlier period, according to a report by the New York City brokerage Serhant. Sales could be expected to rebound further as nearly 4,000 contracts were signed in the quarter, the most since at least 2010, when Serhant started tracking the numbers.
