The latest Manhattan luxury market report from Prudential Douglas Elliman contains mixed news. Unsurprising as the ongoing credit crunch means those sellers who can afford to wait are simply removing their listings and those buyers who can also wait it out for the opposite are sitting on the sidelines as well. Having said that, sales in the luxury sector were up in the third quarter compared to the previous quarter, although still down considerably from the year before.

More on Luxury Real Estate in Manhattan – Price per Square foot still falling but sales are up