Manhattan Buyer's, 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. Click below for the full report. 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-sale inventory in ...