Manhattan apartment sales plunge 11% in the first quarter of 2024
Buyers didn’t seem to be in a buying mood in the winter, despite predictions of an active start to the year. A recent culprit for the market’s swoon, stubbornly high interest rates, are likely to blame this go-around as well.
Even in the crisp afternoon sunlight, the two-bedroom Manhattan apartment has a ghostly pallor, its cracked walls yellowing like an ancient black-and-white photograph. Paint chips are falling from the ceiling. A dead pigeon lies on the kitchen floor.
https://www.crainsnewyork.com/real-estate/manhattan-apartment-sales-plunge-11-percent-first-quarter-2024
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