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Curbed Roundtable: April State o' the Market Report

A new month means a little tradition we like to call the State o' the Market roundtable. Last month, a vague sense of cooling continued to swell the breeze as seen in this reader comment: "I remember shopping for an apartment in 1993-1994 and everyone's attitude was, The layout of this apartment is nice, I think I'll wait until this line is available on a higher floor. The difference between really nice place and dark or flawed apartments widens in a down market. It's interesting to see that's happening already, even before major overall price drops."

April dawns with a big real estate cover story in Business Week that (along with a shoutout for Jonathan Miller) aims to help readers navigate the uneven housing market. Alas, not much NYC utility therein. Meantime, our Elliman broker buddies Leonard Steinberg and Hervé Senequier add this analysis of the Manhattan luxury market: "While the inventory in general has climbed notably, there are pockets of specific types of apartments and townhouses that are in extremely short supply. A 2 bedroom, 2 bathroom condo with doorman around $1.5 million is usually met with multiple bids. One such Soho property received 65 visits in 1 week with 4 bidders and a sale price over the $1.5m asking price."

Reports of what people like you are seeing in the market as spring dawns await you in the comments. People like you are invited to contribute. People just like you.
· Buyer (and Seller) Beware [Business Week]
· Luxury Letter April 2006: So What Is Really Going On? [luxuryloft.com]
· Curbed Roundtable: March State o' the Market Report [Curbed]