One figure shows Manhattan real-estate prices hit a 5-year low at the end of 2019 — and it means buyers are getting more bang for their buck
Average price-per-square-foot in Manhattan dropped to $1,333 in the fourth quarter of 2019, the lowest since 2014, a Friday report from real-estate technology company Compass showed.
Average price-per-square-foot in Manhattan dropped to $1,333 in the fourth quarter of 2019, falling nearly 2% from the previous quarter and roughly 8% from a year earlier, a report by Compass, a real-estate technology company, showed. "For buyers there's a better opportunity now in the market to have more negotiability and flexibility," Rory Golod, New York regional president at Compass, told Markets Insider in an interview. The discount rate rose to 10% in the fourth quarter from 2% a year earlier, showing that buyers can be more aggressive, Golod said.
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