“We head into 2019, beaten, battered”: Manhattan just had its slowest year for condo, co-op sales in almost a decade

Co-op and condo sales in Manhattan fell to their lowest level since 2009 this year. Sales dropped 12 percent compared to 2017 and 22.5 percent compared to their peak in 2013, according to the Wall Street Journal. Inventory has been going up for several years and is likely to continue rising during the spring. The sharpest falloff occurred in sales of new luxury condos, the Journal’s analysis showed. Median condo prices dropped by 6.5 percent, […]

source https://therealdeal.com/2018/12/31/we-head-into-2019-beaten-battered-manhattan-just-had-its-slowest-year-for-condo-co-op-sales-in-almost-a-decade/