You may have heard that right now is a buyer’s market in Manhattan.

The battle is not between buyers and sellers, though. It’s between buyers, and their own perception of value.

If you think that a property is priced too high, you may be surprised at the amount of activity, and the amount of buyers who disagree with you. We’re seeing things go at the asking prices of today. We’re seeing things even go above the asking prices of today because they are priced in line with the MARKET of today.

So you have to decide, “Do I think properties are well-priced and a value right now?”

I think they are. You should, too.

But if you don’t think they are a value, you may watch a lot of properties go by.