With more listings coming soon, buyers should be aware that Manhattan remains in a seller’s market, so low-ball offers are non-starters. Instead, buyers should view the possible slowdown in activity as a window of opportunity where they have choices and increased negotiating leverage.
from
https://www.forbes.com/sites/johnwalkup/2022/01/10/the-scale-has-tipped-is-manhattan-real-estate-overbought/
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