Manhattan homebuyers make fewest first-quarter deals since 2009

There were 6,673 homes on the market in Manhattan at the end of the first quarter, up 8.9% from a year earlier, according to the report. It would take 9.4 months to sell all of them, a full month.

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Home sales in Manhattan plunged by the most since the recession as buyers at all price levels drove hard bargains and were in no rush to close deals. Sales of all condos and co-ops fell 25 percent in the first quarter from a year earlier to 2,180, according to a report Tuesday by appraiser Miller Samuel Inc. and brokerage Douglas Elliman Real.

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Manhattan homebuyers make fewest first-quarter deals since 2009 – Manhattan’s would-be homebuyers are in no rush to make deals, while the number of condos and co-ops on the market continues to rise. purchases dropped for a sixth straight quarter in the first.

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Member since: Mar 2009 After all the anecdotes about how market activity was booming, at the end of the day number of contracts signed for March in Manhattan down 13.1% YOY. Ignored comment.

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In the three months through June, purchases fell 17 percent from a year earlier to 2,629, according to a report Tuesday by appraiser Miller Samuel Inc. and brokerage Douglas Elliman Real Estate. That was the lowest tally for a second quarter since 2009, when the global recession chilled deals.

Transactions totaled 2,121, the fewest for a first quarter since 2009, appraiser Miller Samuel Inc. and brokerage Douglas Elliman Real Estate said in a report Tuesday.