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Local sellers seldom drop their asking prices, Mr. Kelleher said.
Sellers keep their asking prices steady, and inflation gradually eats into them.
The 80s stars have weathered remarkably well and their asking price has come down.
A lot of sellers were "overreaching on their asking prices," and reluctant to negotiate.
Homeowners who sell often do so without an agent and receive close to their asking price.
And so, sellers like Gerry Logue are resisting dropping their asking prices too much.
Inventory is low, and some aggressively priced co-ops and condominiums are getting their asking prices.
In prime areas, Ms. Consolo said, building managers are sticking to and getting their asking rents.
"If people view it as temporary," he explained, "they're not going to cut their asking prices".
"Why are you going into the desert?" Ms. Ristelhueber recalled their asking.
Some anecdotal evidence suggests that nervous sellers are cutting their asking prices in certain markets.
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