New York City’s new luxury apartments may soon be cheaper than you thought: Zillow

Zillows data shows that real estate investors in Manhattan are buying homes in an affordable range for the first time in years, thanks to a surge in home sales.

Zillow data shows the median price of a two-bedroom apartment is now $1.27 million in Manhattan, up from $1 million a year ago.

Zillerow data also shows that the median home price in Manhattan increased by 2.7% year-over-year to $5,976,000.

ZillOW data shows prices in Manhattan rose by 3.3% to $6,971,000 in October, a 7.3-percent increase over the same month a year earlier.