The number of new luxury development units priced $5 million and above in Manhattan is declining. In Q3, 46 percent of all active listings were priced over $5 million, down from 49.5 percent in Q2 and 52 percent in Q1. Manhattan’s average price per square foot also fell across seven out of eight neighborhoods and in Brooklyn. View the full report online here.

Q3 2013 Manhattan and Brooklyn new developments: Halstead Property Development Marketing