Bubble Wrap
Entry
Sharp Price Drops in Manhattan Apartments
The Times reports on the recent release of the Q2 Manhattan market reports, which show big declines in price and volume from a year ago, while activity has picked up in the last 6 weeks.
The number of closings fell more than 50 percent, and prices in some categories were reported down as much as 25 percent, compared with the same quarter in 2008. Sale prices were also down from those reported in the first quarter of 2009.
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posted about 4 months ago
