Manhattan Real Estate Prices Drop 4Q’09
Posted by Wei Min Tan on October 30, 2017
Summary: Write up about Manhattan property prices in Q4, 2009
The city’s major brokerages reported prices in the fourth quarter of 2009 in the Manhattan real estate market decreased from a year ago while sales increased. I expect this trend to continue into early 2010.
Prudential Douglas Elliman and Miller Samuel reported that the median sales price of an apartment in the fourth quarter of 2009 was $810,000, down 10 percent compared to a year ago.