Home prices in Manhattan slipped to an almost three-year low in November, thanks to a supply glut. The average price of condos, single-family homes, co-ops and townhouses for sale last month was $1.1 million, a 3.3 percent year-over-year drop, Bloomberg reported, citing a new StreetEasy report. That’s almost the same level seen in October 2015, and marks the sharpest year-over-year fall since February 2009. It’s a well-known trend particularly on the luxury end, where many […]
source https://therealdeal.com/2018/12/19/manhattan-home-prices-see-sharpest-drop-since-2009/
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