Slowing sales and tumbling prices: A decade in Manhattan townhouse sales

Sales of townhouses in Manhattan hit the lowest point in a decade last year. Year-over-year prices also took a tumble, according to Douglas Elliman’s 10-year report, which was authored by appraiser Jonthan Miller. The median townhouse price fell 7.8 percent in 2019 to $4.8 million. However, that figure was up on 2010 by 24.7 percent, showing that prices have increased while sales have largely stayed flat or declined. “Townhouses, in general, no matter whether the

source https://therealdeal.com/2020/01/30/slowing-sales-and-tumbling-prices-a-decade-in-manhattan-townhouse-sales/