Overall Manhattan inventory began to stall,
unable to keep pace with the number of sales,
placing pressure on housing prices. Record
employment growth, a robust local economy,
a weaker U.S. dollar and global economic
uncertainty have all played a role in the changing
conditions of the overall housing market. After
four consecutive quarters of year-over-year
declines, the number of sales increased 9.8% to
3,654 in the third quarter. Sales activity over the
past year had essentially normalized following
record high sales volume during most of 2013-