The oversupply of high-end condos in Manhattan, Brooklyn and Queens is pulling the luxury market down. A report from Stribling & Associates for the first half of 2018 noted that the high-end condo market logged a nearly 40 percent decrease in transactions, according to Mansion Global. “This was the first time in the past six years the condo market saw a reduction in sales,” Stribling’s Garrett Derderian wrote in the report. The brokerage’s data covers […]
source https://therealdeal.com/2018/08/19/condo-glut-is-to-blame-for-nycs-weakened-luxury-market/
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