Manhattan Real Estate Prices Dropping: Should You Get in Now?

Maurie Backman, The Motley Fool
·3-min read

The coronavirus pandemic has battered Manhattan's residential real estate market. In fact, real estate investors looking to add Manhattan properties to their portfolios may have an opportunity to score some heavy discounts -- while also recognizing that the city may have a pretty prolonged recovery ahead. Of the 2,457 Manhattan homes that sold during the first quarter of 2021, 97% closed at or below the asking price.