Manhattan Condo Sales CrashBy
More evidence all the layoffs on Wall Street are begining to hit the Manhattan condo market. According to a new report out today from broker the Corcoran Group and the PropertyShark.com Web site the median price of an Manhattan apartment fell 11 percent in the first quarter to $749,000 from the same period last year. Sales dropped 52 percent. Inventory rose 29 percent.
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