Manhattan’s latest sales price decline, a new record for Downtown and more of the biggest trends in resi right now

Red all over: Rents and sales fall in Manhattan The median sale price for a Manhattan apartment fell for the fourth straight quarter, down 9 percent year-over-year in 2018’s second quarter, according to a Halstead Property report. The average sale price fell too, by 4.3 percent, per City Realty, as did asking prices, by 3.4 percent, according to Maxwell Jacobs. Rents weren’t spared either, with a 2.9 percent year-over-year decline. All of the drag in […]

source https://therealdeal.com/issues_articles/residential-market-report-5/#new_tab