Manhattan Apartment Sales Highest Since Crash

The Wall Street Journal, in the article Manhattan Sales Continue To Climb, reported that Manhattan apartment sales is at the highest level since the crash.

Sales in the third quarter of 2012 was up 9.3% compared to last year.  This is also the highest sales pace since the third quarter of 2008 when a financial crisis was triggered by the collapse of Lehman Brothers.

2Q Manhattan Property Prices, Sales Up

Manhattan Property Prices, Sales Up (link)
Just published in TheStreet.com.
- Manhattan property showed positive signs by all metrics.
- Prices up, transactions surged, days on market declined.
- Median price still 13 percent lower than peak reached in 2008.
- Expect gradual increase, rather than V shaped spike, moving forward.