Aug
08
In Manhattan and Brooklyn, Home Sellers Get a Reality Check
ByIf New York home sellers had big dreams when they listed their properties, now they’re adjusting to reality.
In most Manhattan neighborhoods, at least 25 percent of homes on the market in the second quarter had their prices cut. The share was smaller only at the borough’s northernmost tip, in Inwood and Marble Hill. In prime areas such as the West Village and Chelsea, about half of listings had their prices trimmed…