【honorarium for funeral】Manhattan real estate prices hit record

Thehonorarium for funeral average sales price for a Manhattan apartment hit $1,872,000 in the second quarter-an all-time high, according to data from Douglas Elliman.

The median sales price was the second highest of all time, at $980,000.

The average co-op price hit a record $1.5 million and so did resales. That's significant since the plethora of high-priced, new condo towers have been the main drivers of prices in recent years. Now co-ops, which make up the bulk of the Manhattan market and are sold mainly to U.S. buyers, are gaining ground.

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Still, they have a long way to go-the average sale price for new developments topped $4.1 million, or $2,011 per square foot in the quarter.

But those skyrocketing prices may be getting too rich-even for the rich. Total sales volume fell by 20 percent year over year. That marked the fourth straight quarter of declines.

Inventory is not budging, with about a six-month supply.

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So what do you get for $1.87 million? A Douglas Elliman listing for that figure on Broad Street, in the Financial District, has one bedroom, two baths, around 1,400 square feet, hardwood floors and high ceilings.

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