NY Condo Market to Double in 2015

With twice as many new condominiums hitting the market in 2015, New York's condo market will be the highest it's been since 2007

Manhattan's condo market is expected to have at least twice as many new condominium units hitting the market as in 2014, the most inventory since 2007. At least 6,500 new condo units are expected to open for sales in more than 100 buildings in 2015. After a five-year shortage, the oncoming wave of new development in 2015 might help temper prices and slow the pace of sales.

(more on NY's condo boom...)

 

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