Manhattan is now a 'buyer's market' as home prices fall with more than 8,000 apartments still available

  • 📰 nypost
  • ⏱ Reading Time:
  • 26 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 31%
  • Publisher: 67%

Business Nouvelles

Real Estate,Apartments,Luxury Real Estate

Dips in apartment list prices and high rents are pushing Manhattanites to buy.

Manhattan has become a “buyer’s market” as prices plummet and inventory soars to a decade high, according to new reports.Manhattan inventory has currently more than 8,000 apartments for sale, a 4.2% spike from 2023 — the first increase in more than a year, according to the report, first cited by CNBC.

It would take nearly 10 months to sell 8,000 apartments without any new units coming on the market, according to a separate report from Brown Harris Stevens. The luxury market, which represents the top 10% of total sales, saw a steeper year-to-year increase in inventory than the non-luxury gain, according to the outlet.The median sales price for luxury listings was nearly $6 million, which is down 10.5% since last year and is the first decline for luxury apartments in more than a year, the report said.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 91. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Cardano (ADA) Price: Next Major Support Unveiled as Market DipsAs market awaits ADA's next price move, on-chain data has provided clear indication of major support
La source: Utoday_en - 🏆 295. / 63 Lire la suite »