‘Fewer signed contracts, fewer bidding wars’: A slowdown in Manhattan real estate may be a grim warning for the U.S. housing market

Econ & Housing

First, the good news. The median sales price for residential properties sold in Manhattan rose to a record high in the second quarter, up 10.6% annually to $1.25 million, while the average sales price reached its third-highest on record, a report by property appraiser Miller Samuel Inc. and real-estate brokerage Douglas Elliman said this week….

Thanks for reading The LBM Daily.
Join LBM Daily Premium or log in to continue reading.
Login Join Now

Articles You May Like

Weekly Rail Charts – November 28, 2022
A December rally may arrive, but the first half of 2023 could be rough for stocks
Composite vs. Wood Deck: Which Is Right for Your Outdoor Space?
Housing markets across the globe hit by rising rates
An affordable housing crisis isn’t coming; it’s here