Manhattan home sales slide in a market clogged with listings

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Manhattan sales continue to slide in Q2. "The market has reset from the levels we saw in 2017," said Jonathan Miller, CEO of appraisal firm Miller Samuel and the author of the report. "Sales are still off, and overall price trends are off." At the same time, the median sales price dipped 7.5 percent to $1.1 million.

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Listings piled on to the market at an even greater rate, climbing 13% to 6,925 homes, the most for a third quarter (3Q) since 2011. A surging stock market typically fuels buyer bullishness on Manhattan real estate – but not this time.

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Bill Risser is the VP of Digital Strategy at Fidelity National Title and founder of the podcast called The Real Estate Sessions. and no matter the average sales price in a market, some form of this.

Two acquisitive mortgage bankers see first-quarter profits fall Our actual performance may fall short of our expectations. We also notified another 21 employees primarily in mortgage operations personnel of terminations that will take effect early in the first.