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Old 07-24-2022, 09:57 PM
 
6 posts, read 5,099 times
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Has anyone been following the residential real estate market in Manhattan lately? I heard avg rent in Manhattan is like $5k a month, but with the high inflation, high interest rate, recession, and everything else, are residential real estate prices dropping?
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Old 07-24-2022, 10:08 PM
 
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Nope
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Old 07-25-2022, 04:56 AM
 
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They are. Even 6 months ago, there was no negotiating and buyers would get into bidding wars. I would say prices are off 5-10% but that's off the highs so they're still up YoY.
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