According to the latest batch of market reports, transaction volume for U.S. commercial real estate slowed this year, new development prices in Park Slope are soaring, and Manhattan’s resale price growth is shrinking. Residential July 2016 New residential sales: U.S. Department of Commerce U.S. home sales reached a nine-year high in July. The median price for a new home also dropped 0.5 percent year-over-year to $294,000. Read the full report here.