New York City’s multifamily market didn’t fare quite as well in July as it did in June, but it remained markedly stronger than it was at the beginning of 2017, with Manhattan in particular having its best month of the year.

There were 39 multifamily transactions across 69 buildings throughout July for a total of just over $630 million, according to a report from Ariel Property Advisors. These numbers were lower than the ones from June, with transaction volume falling by 15 percent, building volume down by 33 percent and dollar volume down by 18 percent.

However, July’s numbers were much higher compared to the period January through April.

Specifically Manhattan had its best month of the year in July, with about $280 million in gross consideration across 11 transactions. Three of these were for more than $50 million, including the largest sale of the month: a 78-unit elevator building at 331 East Houston Street that sold for $61.5 million.