Manhattan home sales tumble as buyers push back

Home sales in Manhattan plunged by the most since the recession as buyers at all price levels drove hard bargains and were in no rush to close deals. Sales of all condos and co-ops fell 25 percent in the first quarter from a year earlier to 2,180, according to a report Tuesday by appraiser Miller Samuel Inc. and brokerage Douglas Elliman Real.

“People are looking for an excuse to knock the market back down a little bit,” Donald Selkin. lost 2.6 percent as the National Association of Realtors said existing home sales dropped 1.8 percent.

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From the high-rises of Manhattan to the city’s manicured suburbs, homebuyers are pulling back as they. and Lenner said the home is drawing more interest. In New Jersey, many buyers appeared to.

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Manhattan home sales tumble Most Since 2009 as Buyers Walk. Home sales in Manhattan plunged by the most since the recession as buyers at all price levels drove hard bargains and were in no rush to close deals.. giving shoppers even more reasons to push back on a listing’s price – or walk.

Aspen real estate in a first-ever sustained nosedive – So why is Aspen’s high-end real estate market – one of the most robust in the country, with dozens of options for buyers ready to spend more than $10 million – in its first-ever sustained nosedive..

Million Dollar Listing NY: Is This The Biggest NYC Apartment Upgrade? (Season 7, Episode 2) | Bravo "This Is The Breaking Point" – Manhattan Home Sales Plunge. – And buyers are haggling over all deals, no matter how small. In a recent sale of a two-bedroom home handled by his firm, a buyer who agreed to pay $1.5 million — after the seller cut the asking price — suddenly demanded an extra $100,000 discount before signing the contract. They agreed to meet halfway, Peters said.

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Mortgage rates inch up after five-week decline

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