Industry News

Manhattan feels housing pain

Experts cite sign of transition as sales fall and inventory rises
Published on Apr 2, 2008

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by CareyBot

The Manhattan real estate market, which soared while some surrounding metro areas suffered slumping sales and sinking prices, may be at the beginning of the end in its robust run-up.

While the city's condominium and co-operative prices continued a record streak in the first quarter, market experts say that prices don't tell the whole story.

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