Manhattan Buyers, Rejoice!! Manhattan Home Prices See Largest Drop Since the Financial Crisis
Manhattan Buyers, Rejoice Last quarter, prices in Manhattan dropped substantially, while inventory levels soared. Translation: The market looks favorable to buyers. See our picks under $750K here. Manhattan Home Prices Drop Manhattan Home Prices See Largest Drop Since the Financial Crisis By Emily McDonald Oct. 25, 2018 The Q3 2018 StreetEasy Market Reports show a historic drop in Manhattan home prices. As summer came to a close, dynamics in the NYC real estate market continued to pivot in favor of buyers, particularly in Manhattan. The StreetEasy Manhattan Price Index [i] dropped to $1,142,742 in the third quarter of 2018, a decrease of 1.8 percent, or $20,597, since last year — marking the largest annual dip in prices since the financial crisis [ii] , according to the Q3 2018 StreetEasy Market Reports [iii] . In addition to the decline in prices, for-s...