Mounting Inventory Pulls Manhattan Home Prices Near 3-Year Low
- Home prices fell as sales rose in November, StreetEasy says
- Brooklyn, Queens housing prices rose as Manhattan declined
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Prospective Manhattan home buyers had plenty of options in November, and their wallets were thankful for it.
The average price of condos, co-ops, townhouses and single-family homes on the market dropped 3.3 percent from a year earlier to $1.1 million, according to the November 2018 StreetEasy Market Reports released Wednesday. That’s the sharpest year-on-year decline since February 2009 and takes the price almost to the level of October 2015.