Manhattan Real Estate Sales Tumble 38%, While Cash Deals Hit Record
April 04, 2023 at 15:45 PM EDT
Manhattan real estate sales experienced a significant 38% decline in the first quarter. The combination of high mortgage expenses and elevated property prices has led to widespread affordability challenges for the masses. Total sales volume slumped to $4.4 billion in the quarter, with 2,242 apartments and townhouses sold, compared to 2,546 sales in the first […] Source
