Manhattan Housing Market Lifted by High End Sales

The spring surge in the housing market has been led by the high end market according to upcoming market reports from the leading real estate firms of Manhattan. The high end market was hit hardest by the downturn and is now beginning to show signs of recovery. It is so strong that there has been a 28% increase in average price for 3+ bedroom co-ops versus last year.

http://www.nytimes.com/2011/07/01/nyregion/manhattan-housing-market-lifted-by-rise-in-high-end-sales.html?_r=2