therealdeal.com – According to the latest batch of New York City market reports, Manhattan’s average home sales are down over last year, Downtown saw a slowdown in new leases in the second quarter, and more NYC hotels are for sale than any time before. Check out more in our roundup of the week’s market reports.

Manhattan home sales averaged $2.4 million last month, a 21 percent decline over May 2015, which was boosted by several high-end sales. Read the full report here.

Existing home sale prices reached their highest pace in nearly a decade last month. Sales jumped 2 percent from April to May, and were up 4.5 percent over the same period last year. Read the full report here.