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Party's Over in Chelsea

Real estate inventory in Chelsea has dropped like a brick in the past year, according to a Halstead survey: "The neighborhood has undergone a 73 percent drop in inventory of condos, coops and townhouses for sale since last March... Apartments in the $401,000 to $650,000 range experienced the most drastic decline in inventory -- 83 percent."
· Chelsea Apartment Inventory Drops [The Real Deal]