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There Are All Kinds of Signs of a High-End Real Estate Slowdown

By Tony Seruga

Aerial view of Lower Manhattan on Friday, June 19, 2015.

Photographer: Craig Warga/Bloomberg

Tough times for the high end market.

According to real-estate website StreetEasy, 12 of the condos in Manhattan currently listed at over $20 million have had their prices cut by 5 percent or more in recent months, while only 2 of them have seen any increase in their listing price. Among the cuts is a condo at 1 Central Park South. It’s been on the market for more than 250 days, and is now on sale at $45.5 million, $6.45 million less than its price a few weeks ago.

That’s just one of the indications that the market may be slowing down. Here are some others:

There Are All Kinds of Signs of a High-End Real Estate Slowdown

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