April 4th 2023
Brick Underground
Talk about a slowdown: Sales of Manhattan co-ops and condos fell to the lowest level in two years during the first three months of this year, dropping 37.5 percent compared to the first quarter last year. At the same time, Manhattan’s normally teflon prices appear to be showing more vulnerability: According to the latest edition of the Elliman Report, the median sales price for apartments dropped 9.7 percent in the last quarter to $1,075,000.