Manhattan saw its highest inventory total and the slowest pace of sales since 2009. The amount of inventory is up over 26% from last year with months of supply up 136%. The number of sales was down 46% with the average discount being nearly 9% below the asking price. In fact, the number of condos sold hasn't reached this level in 30yrs. Data shows the most significant decline to be in smaller price ranges. This is why the median sales price increased by 7%.
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