3 ms·
Yeah, but the demand is ultimately measured by the prices the city properties are sold at. FTA: * At $1.065 million, Manhattan YTD median slides 15% below 201
by lallysingh 6y ago
Yeah, but the demand is ultimately measured by the prices the city properties are sold at.
FTA:
* At $1.065 million, Manhattan YTD median slides 15% below 2019 figures
* Brooklyn median drops 9% Y-o-Y, virtually erasing year-to-date gains
9-15% is a huge set of 1-yr drops.
- otoburb 6y agoIf the number of sales are picking up again after prices have dropped so dramatically then I view the uptick in demand as a positive sign that aspiring property owners have found new market clearing prices and are willing to move into the city. I'd be much more alarmed if the prices kept/keep dropping further.