NYC Condo Prices Shrink in First Quarter

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NYC Condo Prices Shrink in First Quarter

Apr 24th, 2009, 07:40 PM #1 (permalink)

Condominiums in greater New York City aren't exactly reasonably priced compared to the rest of the country, but they're going for a little less these days. According to a report released by the Real Estate Board of New York, the average condo sales price in the city during the first quarter of 2009 was about $1.16 million, a 10 percent drop from first quarter 2008 prices.

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