Manhattan's $10 Million Apartment Market Outperforms Rest of New York City

"Manhattan’s super-luxury apartments, those sold for $10 million or more, outperformed the rest of the city’s housing market in the first quarter. The median price of the most expensive cooperatives and condominiums climbed 6.4 percent from a year earlier, compared with an 11 percent drop across all price ranges, according to an analysis of data provided to Bloomberg News by New York-based appraiser Miller Samuel Inc."