Report: Manhattan apartment prices dip

Manhattan apartment prices dropped in July from June, according to one new market report, with the median drifting down 6.4 percent to $747,750. The average sales price also dropped, according to the report from Halstead Property, from $1,309,044 in June to $1,151,793 in July. Still, July marked at least the 18th month in a row that the average sales price of a Manhattan apartment stayed above $1 million, according to reports. more By Tom Acitelli