Only one luxury property went into contract in Manhattan last week, a stunning nosedive not seen since the last financial crisis. The single transaction, documented in Olshan Realty’s weekly luxury report, further underscores how difficult it has become to cut deals in the middle of a pandemic, as brokers navigate virtual showings, leery buyers and an economy in freefall. In the six weeks since New York’s stay-home order came into effect, there have been just
source https://therealdeal.com/2020/05/04/manhattan-luxury-contract-signings-fall-to-lowest-level-since-2009/
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