The Real Deal New York

From the April issue: The ads scream from the pages of local newspapers: “Original price: $1,002,488. Sale price: $803,358. You save: $199,130.” “Deals of a lifetime weekend event: Make us an offer!” It’s no secret that new home builders are slashing prices on houses in South Florida. But lately, buyers have been getting off the sidelines, and inventory — in some locations — is starting to move. Just how low are prices going? And how big are the deals that buyers are picking up?