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Manhattan Luxury Market Slows But Still Moves | Real Estate News
Manhattan’s luxury market is cooling on new developments, with just twelve high-end sponsor units signed in the past four weeks—down from the usual 28. Inventory for new construction has plummeted 62% year-over-year, but the top-tier market remains active, with 27 luxury homes over $4M going under contract, including a $27M Wooster Street penthouse and a $14.6M condo at One High Line. Average sale price: $7.6M, with most listings over a year old and reduced. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:advertise@thednn.ai This is an…
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