A pedestrian stands in front of a Manhattan condominium building in New York.
Mark Abramson | Bloomberg | Getty Images
Manhattan apartment sales in the second quarter saw their biggest decline in three decades — and the worst quarter on record — as the real estate lockdown and urban flight after the Covid-19 crisis put a freeze on the market.
The total number of sales in the second quarter fell by 54%, the largest percentage decline in 30 years, according to a report from Miller Samuel and Douglas Elliman. The median sales price fell 18% to $1 million, the biggest decline in a decade.
There were only 1,147 sales in the quarter — the lowest number on record, according to Compass.