Jul
03
Manhattan Homebuyers Get More Choices as Resale Supply Jumps
By-
Listings of previously owned apartments at highest since 2012
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Median resale price unchanged in second quarter at $945,000
Residents who aren’t necessarily millionaires are having an easier time finding an apartment to buy in Manhattan.
After years of scavenging a market dominated by new developments for ultra-wealthy investors, those who lack unlimited funds are finding more options than they’ve had since 2012. There were 5,362 previously owned condominiums and co-ops on the market at the end of June, a 25 percent jump from a year earlier, according to a report Friday by appraiser Miller Samuel Inc. and brokerage Douglas Elliman Real Estate…
Manhattan Homebuyers Get More Choices as Resale Supply Jumps
