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Real Estate

NYC Home Sellers Are Cutting Prices Like It’s 2009—And Then Some

The downtown skyline is seen from a luxury condominium building under construction  in New York.

The downtown skyline is seen from a luxury condominium building under construction  in New York.

Photographer: Angus Mordant/Bloomberg

New York City’s home sellers, tired of waiting for buyers, slashed prices on almost 800 listings in a single week this month, the most in at least 12 years.

In the week through Sept. 9, there were 774 homes in Manhattan, Brooklyn and Queens that got a price cut, the most for any seven-day period in data going back to 2006, according to a report Friday by listings website StreetEasy. The previous weekly record was in March 2009, during the global recession, when 713 properties were reduced.