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Buying Battles Escalate as Listings Dwindle

…Brokers have many similar stories to tell about deals won and lost by buyers in the Manhattan market for everything from studios to multimillion-dollar units as the number of listings has shrunk. Listings during the second quarter—the peak selling season in Manhattan—reach their lowest point on record according to Jonathan Miller of appraisal firm Miller Samuel Inc….

…But another report prepared by Mr. Miller for Douglas Elliman had a more upbeat picture. Unlike the methodology for other reports, Mr. Miller includes nonpublic data on deals reported to be close that weren’t yet officially filed….

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