In a market like this, it can be hard to look at a price tag and know if you’re getting a good deal.Many New York City apartments have had drastic price reductions in the last few months, as sellers chase after a cascading market. But a discount from a hugely inflated figure may not be a bargain.There are, however, well-priced apartments available. Some owners feel pressure to sell quickly, and set their prices accordingly. Others who bought before the market heated up feel more freedom to accept a lower price.
By Elizabeth A. Harris, June 21, 2009 NYT

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