Skip to content

Subscriber Only

Pursuits

There Are All Kinds of Signs of a High-End Real Estate Slowdown

Tough times for the high end market.

Aerial view of Lower Manhattan on Friday, June 19, 2015. — Aerial view of Lower Manhattan on Friday, June 19, 2015.
Photographer: Craig Warga/Bloomberg

By

August 10, 2016, 4:28 PM UTC

According to real-estate website StreetEasy, 12 of the condos in Manhattan currently listed at over $20 million have had their prices cut by 5 percent or more in recent months, while only 2 of them have seen any increase in their listing price. Among the cuts is a condo at 1 Central Park South. It's been on the market for more than 250 days, and is now on sale at $45.5 million, $6.45 million less than its price a few weeks ago.

That's just one of the indications that the market may be slowing down. Here are some others: