Manhattan Apartment Sales Drop to the Lowest Level in 30 Years

Manhattan apartment sales fell by 54% in Q2, the largest percentage decline in 30 years  as the real estate lockdown and urban flight due to the coronavirus crisis put a freeze on the market, according to CNBC.

Meanwhile, the median sales price fell 18% to $1 million, which is the biggest decline in a decade. There were only 1,147 sales in the quarter — the lowest number on record.