NY City Apartment Sales Down Over 50%
2009 July 2
Manhattan apartment sales plunged more than 50 percent and the average price dropped 21.4 to 24 percent from a year ago, as the U.S. recession forced many who own a piece of the Big Apple to eat humble pie, several reports said.
The average price of Manhattan apartment in the second quarter slid to $1,312,920 down from $1,669,729 a year earlier, according to a Prudential Douglas Elliman Real Estate report released Thursday.
via NY City Apartment Sales Down Over 50%: Reports – Real Estate * US * News * Story – CNBC.com.
