NYC Residential First Quarter 2010

Market Report provided by The Real Estate Board of New York

The total dollar value of New York City resi- dential sales was $7.2B in the first quarter of 2010, up over 63 percent compared to the first quarter of last year. Manhattan sales represented about 56 percent of this total value. Brooklyn and Queens each accounted for 17 percent of the total dollar value of sales, while Staten Island rep- resented 7 percent and the Bronx 3 percent. However, this New York City total dollar value was a 9 percent drop from the $7.9B figure for the total value of sales last quarter.