While third quarter reports show that the market appears to be picking up, it is not nearly as active as it was during the earlier months of 2009. The four months of market depression allowed prices to rapidly adjust, reshaping the new world of Manhattan real estate. Seller confidence seems to be growing, and the optimistic viewpoint at the moment is that buyer assurance is matching it. Bids are improving, and the time that properties are spending on the market is lessening. The fierce conditions and adjustments that the market has experienced has caused hesitation in both buyer and seller expectations, and it is absolutely an exciting time. However—sellers must be cautious, your property is worth only what a buyer is willing and able to pay for it. Prices are heading back up, but it is important to not get over zealous with an asking price.
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