While real estate could be better across the country,the average price for Manhattan apartments only fell 2% from the 3rd Quarter of 2008.
Apartments sold during the 4th quarter spent 16 days longer on the market than a year ago, a 19% increase. Sellers received a bit under 95% of their asking price down from almost 98% in the 4th quarter of 2007.
I offer you the market report for 4th Quarter, 2008.
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