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Manhattan's housing market is slowing down

Fewer people are buying condos in Manhattan because they have more choices and can more easily reject exorbitant prices. The number of sales closed in the borough slumped by 18.6% during the third quarter, according to a report from Douglas Elliman Real Estate released on Tuesday. Resale inventory surged 8%, while the number of newly built units spiked by 27% to nearly 1,000, giving buyers more options.
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