The average price of Manhattan apartment in the second quarter slid to $1,312,920 down from $1,669,729 a year earlier…
The average????? Surely these numbers are being skewed badly by the pricey few, right?
Not so much:
In the second quarter, the median sales price — in which half the values were higher and half were lower — fell 18.5 percent from a year earlier to $835,700.
Friends, that’s just insane.