We based this percentage on the first (original) askIs this graph based on the first asking price or the last?
yuuuuup!I think it's first.
yeah headline not the best. Should be "Time not a friend of sellers" or similar. Time kills deals is better said for the due diligence process when offer is accepted.Maybe it just means that overpricing sellers need time to face reality? Not saying that your hypothesis of time killing deals is wrong, but that this might be pointing to another effect.
link - https://www.urbandigs.com/resale-charts/price-/-square-foot/all-manhattan/condo/eh not sure, i would argue resale condo med ppsf trends are early/midway into a recovery cycle - may be bumps along way, but next few quarters I think price pressures will be higher
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could beAlso explained by shift in what the median sale represents in terms of size/quality especially as super luxury new dev shift into what you count as resale.
more the shift to larger units..but it also shows the drop during covid time too in early 2021, so...could be