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Elliman Report: Manhattan Sales 4Q 2012

…The Manhattan housing market continued to be characterized by falling inventory across the re-sale and new development markets and an uptick in sales. Most of the price indicators in this report continue to range from demonstrating stability to modest growth. The market appears poised for some level of price appreciation in 2013, considering historically low mortgage rates that drive sales, coupled with a chronic shortage of active listings, which are at their lowest level in more than 12 years…

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