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Manhattan Luxury Market Slows Down | Real Estate News
Manhattan’s luxury real estate market hit a surprising slowdown last week, with just thirteen homes going into contract—down from twenty-four the prior week and below the decade average for this time of year. Total sales volume dipped to $66 million, the lowest since last September. Notably, none of the deals involved properties priced at $10 million or above, and sellers had to lower prices by about 6% on average. The most expensive sale was a Tribeca duplex for $6.5 million, followed by a renovated East Sixty-fifth Street condo at $6.2 million. With an average asking price of $5.1 million…
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