Real estate in Manhattan has been moving toward a buyers' market. The median sales price of units sold in Manhattan fell 6% in the final three months of 2018. The fourth quarter marked the first time in three years that the figure was below $1 million. In the latest sign that Manhattan is heading toward a softer real-estate market, the typical cost of housing sold fell below $1 million during the final stretch of 2018 for the first time in three years.