Manhattan home sales fall for 4th straight quarter as market resets
Home sales in Manhattan have slowed for four straight quarters, according to Douglas Elliman Real Estate.
Sales are softening largely because many home sellers have high expectations relative to what buyers can afford.
“My prediction is that sales snap back when sellers get more realistic about pricing,” said Jonathan Miller, CEO of the real-estate appraiser Miller Samuel and author of the report..
As housing inventory piles up, buyers who are patient and aggressive negotiators during their hunt might just find a homeowner who will budge.
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