The ascent of mortgage rates for the Manhattan co-op and condo sales market slowed as price trends and listing inventory slid. Sales increased annually for the first time in three years despite rising mortgage rates. Listing inventory fell year-over-year for the third time in four years as price trend indicators decreased annually. Sales of four or more bedrooms experienced the most significant increase of all apartment types. With three years of increasing mortgage rates, cash sales continued to grow more than financed sales. The months of supply remained consistent with the average over the past two decades.
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