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Luxury home prices in Manhattan have tumbled to their lowest level in years, and it proves that sellers are still struggling to offload prime real estate

Manhattan

  • A new report by StreetEasy revealed that in the fourth quarter of 2019, the price threshold for Manhattan luxury homes fell to its lowest level since 2013.
  • The report also found that Manhattan’s luxury inventory rose 12.2% over the previous year. Its total sales inventory rose 3%.
  • The numbers in the report indicate that sellers are becoming more willing to accept lower prices in order to offload their homes.
  • Visit Business Insider’s homepage for more stories.

The price threshold for Manhattan luxury homes fell to $3,816,835 in the fourth quarter of 2019, according to a report by the read more >>>

Source:: BusinessInsider.Com