Manhattan apartment prices fell for a second consecutive quarter, helping drive the biggest gain in sales in more than 13 years as buyers seized on discounts.
The median price slid 8.4 percent to $850,000 in the third quarter from a year earlier. The number of sales jumped 46 percent from the second quarter. Values fell for cooperatives and condominiums of every size and price as New York City’s unemployment rate jumped to 10.3 percent in August.
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