Manhattan pending home sales surge as prices drop to 2015 level, StreetEasy report says
StreetEasy | May 23, 2019
Pending home sales in Manhattan spiked 27% in April from a year ago, reaching the highest level of signed contracts since the spring of 2015, as property prices in America’s costliest urban neighborhood dropped, according to StreetEasy. After New Yorkers snapped up properties, the inventory of homes declined 10% in April compared to a year ago. The StreetEasy Manhattan Price Index fell 5.2% from last April — down by $60,096 to $1.1 million, the lowest level since May 2015.