Manhattan home sales tumble as buyers push back

Manhattan Home Sales Tumble in a Market Clogged With listings oshrat carmiel , Bloomberg News (Bloomberg) — It’s been a rough year for Manhattan’s home sellers, and they’re not about to catch a break any time soon.

: THE business times real Estate – HOME sales in Manhattan plunged by the most since the recession as buyers at all price levels drove hard bargains and were in no rush to close deals. . Read more at The Business Times.

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Green chalked up these quick sales. taking home big sun (1984), a work by Jean-Michel Basquiat it has priced at $4.2 million. It’s all a matter of finding the right buyer, especially when it comes.

"A typical Valley residence now runs buyers $700,000-well above the previous median price record of $675,000 set in November 2017. That price is also 16.7 percent higher than a year earlier." – Curbed Los Angeles, Apr. 2. Manhattan Home Sales Tumble Most Since 2009 as Buyers Walk – Bloomberg, Apr. 3

Manhattan Home Sales Tumble Most Since 2009 as Buyers Push Back April 3, 2018 Home sales in Manhattan plunged by the most since the recession as buyers at all price levels drove hard bargains and were in no rush to close deals.

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The added supply is expected to push home prices lower as buyers gain the upper hand. "Price adjustment is the trigger," Cervi said. "That’s what brings people back into the market." The wealth of the Hamptons real-estate market is closely correlated with those of nearby Manhattan, another real estate market that is quickly cooling.

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Manhattan home sales slowed to the lowest levels in nearly a decade last quarter as buyers more forcefully negotiated discounts. In the first quarter, condo and co-op sales fell by 25%, the most.

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