Manhattan sales down 50%

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.

more...

To continue reading sign in to your Premium Member account.

Premium Members have full access to all news archives.

Buy Now Purchase 1-year Premium Membership - $149.95

OR

Buy Now Purchase Monthly Premium Membership - $19.95

All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.