nyc BLOG estate

nyc BLOG estate

Manhattan Market Report | 3Q 2019

The new mansion tax coupled with recession speculation has slowed and shifted the market. Manhattan saw 12% fewer sales this quarter compared to 2018. The increased sales seen in 2015, 2016, and 2017 deserve consideration, however, and 2018 and 2019 trends are suggestive of market normalization, not crash.

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