Manhattan Home Sales Surge 17% With Cash Buyers Leading the Way

Manhattan home sales in the second quarter were stronger than they’ve been in almost two years, boosted by cash buyers undeterred by the economic uncertainty created by President Donald Trump’s trade war.

A little more than 3,000 co-op and condo purchases closed during the quarter, a 17% jump from a year earlier, according to appraiser Miller Samuel Inc. and brokerage Douglas Elliman. The median price of those transactions was $1.2 million, up 1.6%.