Manhattan apartment sales fell by 29{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} in the fourth quarter, sparking fears of a frozen industry in which prospective buyers and sellers stay on the sidelines due to economic and level fears. There ended up 2,546 revenue in the quarter, down from 3,560 last 12 months, in accordance to a report from Douglas Elliman and Miller Samuel. The decline was the greatest given that the third quarter of 2020, throughout the depths of the pandemic. Rates also declined for the 1st time due to the fact early 2020, with the median rate down 5.5{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}. The declines in both of those product sales and selling prices mark the conclusion of the…