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Manhattan Condo Market Looks Bad. Contract Data Show It’s Even Worse

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There will be more than 9,000 unsold new condo units on the market in Manhattan at the end of 2019, a supply that could take nine years to sell out

The Journal’s analysis examined completed transactions that listed the day the sales contract was signed for condos in new developments. Most real-estate analysts focus on the date that buyers formally close on the purchase of a new unit, which can be up to several years later.

 

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Good

Drop the price from 10 million per to say 750k and see what happens

DeBlaso's curse😱😱😱😱😱😱😱😱

I hear Trump Tower condos sales are even flatter.

We got some illegals you can put up,lol

While NYC has a homeless crisis. Where some homeless folks work & can't afford rent?

so Million Dollar Listing New York, where EVERYTHING sells, is not exactly the true story?

Who wants to live in that shit hole?!?

Taxing the rich causes such problems

The state should buy them and convert them into low income handout housing

I once lived in Manhattan...and it’s an over priced sh1thole. smh

Maybe cut the prices so Millennials can afford them?

It will probably take longer based upon the average selling price

More than that, new tax on condos.

Who in their right mind would want to live there?

Don't have a subscription but is it cuz they're way overpriced? Just guessing

eventually a million bucks for a 450 sq foot 'condito' will cease to become realistic. looks like that is finally happening.

millions of people , and 9,000 units will take 9 years ? makes perfect sense

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