NEW YORK CITY—For Manhattan co-ops and condos the number of sales rose year-over-year for the first time in seven quarters following six straight quarters of decline, according to Douglas Elliman.

The residential real estate brokerage’s Q2 2019 Market Report indicated in Manhattan the most significant rate of annual sales growth occurred in the $2 million to $5 million sales range. Median prices rose to $1,215,000—a new record, according to Douglas Elliman. The report noted a 1.7% price per square foot increase to an average of $1,762.