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Apartment Cost in Manhattan Lowest In Three Years

Video Credit: Wochit News - Duration: 00:36s - Published < > Embed
Apartment Cost in Manhattan Lowest In Three Years

Apartment Cost in Manhattan Lowest In Three Years

Real estate in Manhattan has been moving toward a buyers' market.

The median sales price of units sold in Manhattan fell 6% in the final three months of 2018.

The fourth quarter marked the first time in three years that the figure was below $1 million.

In the latest sign that Manhattan is heading toward a softer real-estate market, the typical cost of housing sold fell below $1 million during the final stretch of 2018 for the first time in three years.

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