The Manhattan apartment market saw its low上海千花网
The number of co-op上海千花网论坛
Sales of co-ops fell notably 17.5 percent, and those of lower-priced apartments below the $1 million price point dropped off 22.2 percent. Market experts said a lack of supply was to blame for the slowdown on the lower end of the market.
This was the slowest three mont上海龙凤论坛
Brown Harris Stevens president Hall Willkie said the market takes a hit every four years during a national election, but this year is particularly notable.
“It is a much more polarizing event,” he said. “Both sides have dire predictions of what will happen if the other side wins.”
Wilkie said he doesn’t expect the market to recover at least until the holiday season at the end of the year.
Median prices for Manhattan apartments were up 10.5 percent from the third quarter of 2015, but down from peak prices earlier this year.
On Friday, The Real Deal reported that the target offering price of new condos approved for sale in New York City is down 34.4 percent year-over-year, despite only a small decline in the number of offered apartments. [WSJ] – Rich Bockmann
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