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Elliman Report: Manhattan Sales 4Q 2018

Manhattan market conditions are now more than a year into a reset mode. The year over year change in the number of sales remained a key metric on the state of the market. This quarter saw the fifth consecutive year over year quarterly sales decline, down 3.3% from the first drop a year ago. The number of sales for the fourth quarter was 7.1% below the ten-year fourth quarter average. New development closings represented 10.9% of…

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