About One-Third of Manhattan Listings Fail to Sell on the First Attempt

Roughly one-third of residential inventory in Manhattan does not sell on its initial listing and instead cycles through multiple brokers, according to Nikolay Afanasyev, Founder and CEO of City Sphere Property Group, a boutique brokerage covering Manhattan and parts of Brooklyn. Afanasyev attributes the pattern primarily to sellers pricing properties above what the market will […]