Manhattan Real Estate Still In Flux 3Q’09
Posted by Wei Min Tan on October 30, 2017
Summary: Wei Min’s article on third quarter 2009 Manhattan property market.
Third-quarter Manhattan market reports recently released by the city’s top brokerages showed a slowing rate of price decline while transaction volume increased. Manhattan has lagged the nation in real estate price declines.
The ongoing question is when Manhattan will hit bottom. Consensus seems to be that the rate of decline is slowing. But a recovery still isn’t on the radar.