Manhattan apartment sales tumble 46%, leaving 10,000 unsold apartments
- Apartment sales in Manhattan plunged by 46% in the third quarter, as homebuyers continued to flow to the suburbs and Florida, according to new reports.
- There are now about 10,000 apartments for sale in Manhattan, which would be a record, according to Compass.
- Factors like high unemployment, rising crime and growing sanitation and public transit problems may make buyers reluctant to make a big bet on Manhattan real estate.
- https://www.cnbc.com/2020/10/02/manhattan-apartment-sales-tumble-46percent-leaving-10000-unsold-apartments.html