NYC’s Flood of Homes For Sale Leads to Most Price Cuts Since 2010

Sales inventory reached new highs across the city over the last quarter, leading to a record number of homes offering price cuts in Manhattan and Brooklyn. The share of homes with a price cut rose in every submarket across the city, led by the Upper East Side, where one in three homes for sale received a price cut, according to the Q2 2018 StreetEasy Market Reports.

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