Week 32: Mill Rates and Property Tax Changes May Shake Out New Inventory. John Engel’s Real Estate Column for the New Canaan Sentinel
Manhattan Market Report Manhattan first quarter sales fell, down 11.3% annually, now below two thousand (1,988), the lowest level in 3 years. Prices slid year-over-year, now 17.4% below pre-pandemic levels. Inventory went lower due to the “lock-in-effect”. Mortgage-purchases dropped 26.7% annually. The percentage of cash sales has reached a record high, up each of the […]