accountA: Josh Barbanel reports on Manhattan real estate today, showing a 16.5% dropoff in Co-op and Condo sales from one month earlier. Given the lag between Contract Signing and ACRIS public record capturing the sale, today's sales paces is really reflecting the state of our market from say 3-6 months ago. When we take a peak at Pending Sales, its clear WHY we are seeing this dropoff in sales pace...
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Reactions to WSJ.com: Sales Down - But Market Ticking Up?
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