From left: Diane Levine of Sotheby’s International Realty, 168 West 73rd Street, Neil Binder of Bellmarc Realty

While a significant portion of listings — roughly 33 percent,
according to Streeteasy.com — saw price cuts last month, there was an
increase in sales and many brokers started elevating asking prices to
enhance their units’ image, to leave room for haggling or because they
thought the market was turning around. Upwards of 850 homes in Manhattan sold in August, according to figures compiled by The Real Deal
using Streeteasy.com data, up from approximately 760 deals made a month
prior. Almost 5 percent of all Manhattan homes on the market last
month, the data shows, saw price increases; those price changes
averaged 6.4 percent. And those price increases were seen across the price spectrum. [more]