Industry NewsMarkets & Economy

Manhattan sales down 50%

Median price slips 18.5% from a year ago
Published on Jul 2, 2009

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by CareyBot

Second-quarter sales of Manhattan co-ops and condos were down 50.3 percent from a year ago, and the median sale price fell 18.5 percent to $835,700, according to a report by Miller Samuel Inc. for Prudential Douglas Elliman.

The median price of resale apartments saw a sharper annual decline of 25.6 percent, to $725,000, although that was an increase of 7.4 percent from the first three months of the year.

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