Manhattan Real-Estate Market Skids as Sales Slump | WHAT REALLY HAPPENED


Manhattan Real-Estate Market Skids as Sales Slump

Sales of units in newly constructed buildings dropped 67% in the first quarter, and closings slid 52% compared with a year earlier. Inventory climbed 29% to 12,336 listings in March, the highest level in more than eight years, according to a report by real-estate brokerage The Corcoran Group and PropertyShark.com.

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