High-end sellers are the worst hit by the inventory overload. At the current pace, it would take nearly 16 months to sell all the luxury units listed in Manhattan in the second quarter, the New York Times reported. That’s a 33 percent increase from a year ago, when those properties would’ve sold in just under 12 months. Luxury listings in other areas aren’t faring well either. Sales in the Hamptons would also take 16 months […]
source https://therealdeal.com/2018/08/30/heres-how-long-it-takes-to-sell-new-yorks-priciest-apartments/
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