Saturday, December 3, 2022

Manhattan apartment sales fall 18% in third quarter, marking reversal

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  • Manhattan apartment sales fell 18% in the third quarter, putting the brakes on New York’s real estate comeback.
  • The figure last fell in the fourth quarter of 2020, and marks a turnaround for the nation’s largest real estate market.
  • Brokers say the drop simply marks a return to normalcy after the artificially high sales of 2021.

Haber said she represents a potential buyer who was looking at a penthouse initially priced at $14 million, which came down to $12 million. She recommended putting in an offer of $9 million or $10 million “and if they take it, they take it.”

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Disclaimer: This story is generated from RSS Feed and has not been created or edited by Waba News. Publisher: CNBC

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