Real Estate
Manhattan Homebuyers Demand Bargains, Walk Away—Anything But Overpay
- Sales and prices slide while listings pile up on the market
- Buyers don’t want to get burned by overpaying, broker says
In his hunt for an apartment on Manhattan’s Upper West Side, Hal Walker found the perfect one-bedroom in an Art Deco building across from Central Park. It had languished on the market for almost six months.
Walker bid $30,000 below the $865,000 asking price, then refused the seller’s counteroffer. Yet he’s moving in next week.