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Article : Manhattan tony housing market takes a break

Manhattan may be one of the toniest markets in the nation, but even high-end buyers take a break every now and then. Sales of Manhattan homes, both co-ops and condominiums, fell nearly 20 percent in the first quarter this year, according to Jonathan Miller, author of a Douglas Elliman report.

Unlike the rest of the nation, the supply of homes for sale actually gained, up 5.5 percent from a year ago, which pulled prices back ever so slightly, as well.

Auhor : Diana Olick Posted on 26 April 2015, 02:56:59
Source of Article : http://www.cnbc.com/id/102614166
Source of Picture : http://fm.cnbc.com/applications/cnbc.com/resources/img/editorial/2014/03/28/101535453-479897025.530x298.jpg?v=1429808476
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