You may not believe it, but there seems to be quite a pick up in activity in the last few weeks. I have had many showings at my listings in the past 2 weeks. At the showings I spoke with the other brokers, and asked them what was going on in their world. ALL said the same thing, that they saw a big pick up in interest. At open houses last week, every broker I talked reiterated the same sorts of comment. A friend with a high end apt for sale in NYC just left my house and although he expects pricing to be down 20% at least, his apartment has had a big pick up in showings in the last couple weeks. I am currently working an offer on my largest listing, and am close to offers on several others. I also have had several second showings, and more being booked in the next couple weeks. HOWEVER, even if activity picks up and people start making offers, I do not expect that pricing will improve for many years. For now, fingers crossed.
These two high end properties both went under agreement this week.