Sorry to break it to you, Manhattan homeowners. But the economic slowdown and countrywide real estate collapse has hit the New York market.
Sellers, what are your goals? Do you need to sell your home? The only way to be a successful seller in this market is to price your property just below the market, in other words, establish value right away from the day you list your apartment. Don't be just "another one, or two bedroom apartment" on the market priced in line with ALL the other one or two bedrooms on the market in your area that are NOT SELLING.
I am a real estate broker that practices "tough love." Trust me, your bank account will thank me in the long run!