Manhattan Real Estate Market Suffers Worst Quarter Since Financial Crisis

NEW YORK, NY – JULY 24: Manhattan stands below the top One World Trade Center on July 24, 2018 in New York City. Manhattan real estate prices have suffered their worst second quarter since the financial crisis. A a new report by Douglas Elliman and Miller Samuel Real Estate Appraisers and Consultants, shows that sales in Manhattan have fallen 17 percent from the previous year and that the average sales price fell 5 percent to $2.1 million. Volatile stock markets, poor weather and political uncertainty are a few of the reasons blamed for the slump. (Photo by Spencer Platt/Getty Images)