Manhattan co-op and condo sales dropped sharply in the third quarter, dragging prices with them

CORE released its Manhattan market report and its Manhattan new development report. It found that one-bedroom condos saw the greatest average price decline, down 8 percent.

Pending sales were the highest at the beginning of the quarter, according to BOND New York’s report, which says they peaked in July at 3,085, before decreasing throughout the quarter with the lowest levels occurring at the end of September at 2,574.

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