Apartment sales in Manhattan dipped 10.8 percent year-over-year in the second quarter, yet another sign that the residential market is still in the midst of a correction. Between 2011 and 2017, the median price for Manhattan apartments increased 40 percent. In the second quarter of 2018, the median price decreased 9.2 percent year-over-year to $1.085 million, according to the Wall Street Journal. This is the lowest price seen since the fourth quarter of 2016. “We […]
source https://therealdeal.com/2018/06/28/manhattan-sales-slump-deals-dip-10-8-year-over-year/
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