Warburg Realty

The average price of $1.96 million was 4 percent lower than a year ago, Halstead found.

Bidding wars are less common and sellers are offering discounts, but prices remain high.

From pricing and staging to naming buildings, here's a peek at the psychology behind listings.

Bidding wars cooled down and buyers regained leverage in Manhattan's market for home sales, experts say.

The market for sales and rentals has eased slightly, real estate reports said.

The average sales price for Manhattan homes passed the $2 million mark for the first time, reports said.

Manhattan price growth is expected to be below 1 percent; Brooklyn about 4 percent, StreetEasy says.

Buyers will be more price conscious, brokers say.

Staging apartments has become critical for selling homes fast and for higher prices, brokers say.

The East Village pad where the former child star lived with boyfriend Olivier Sarkozy is for rent.

Manhattan's housing inventory hit a record low in the first quarter of 2015, Streeteasy found.

North and Brownstone Brooklyn's median price hit $970K while Manhattan's median was $900K, reports said.

The frenzied feel of bidding wars have tempered recently, real estate experts said. 

Some brokers have seen a slowdown in foreign buyers and a shift in investment strategies.

Unrealistic sellers, novice brokers and other reasons behind a rise in price cuts.