Friday 28 February 2020

Douglas Elliman reports flat sales in 2019, blaming soft NYC market

Douglas Elliman’s sales volume was relatively flat last year as weakness in the New York City market offset an increase in Florida deals, the brokerage’s parent company reported Friday. In all, the Manhattan-based firm saw sales tick up to $28.8 billion in 2019 from $28.1 billion the year before, according to its parent, Vector Group. Fourth-quarter sales edged down to $6.6 billion from $6.7 billion in the year-earlier period. But despite gains in the Sunshine



source https://therealdeal.com/2020/02/28/douglas-elliman-reports-flat-sales-in-2019-blaming-soft-nyc-market/

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