The number of signed sales contracts for Manhattan condominiums and co-ops has declined every month since July, forecasting a drop in closed sales volume for the fourth quarter of 2011 and the first quarter of 2012, according to Jeffrey Jackson, chairman of appraisal firm Mitchell, Maxwell & Jackson.
The most widly publicized figures from recent Manhattan market reports indicate an increase in sales activity in the third quarter compared to the previous quarter. Prudential Douglas Elliman, for example, said that sales transactions rose 17.2 percent over the previous quarter, while the Corcoran Group found a 6 percent quarter-over-quarter increase. [more]





