To understand the current state of the market in NYC, it helps to understand the mindset of sellers. In pursuit of said truth, UrbanDigs cooks up the above graph based on his perception of the market as a real estate agent. (We've added a translation key for easier reading.) How to deal with these nefarious "testers"? Curbed says: offer six times asking, then ignore their phone calls for the next three weeks. UrbanDigs has some other ideas.
· Would the Real Sellers Please Stand Up [UrbanDigs]
BONUS: More marketwatching at Matrix, where Jonathan Miller meditates on what time-on-market of properties says about real estate across this great nation. [Matrix]