We still have an oversupply of buyers over sellers, especially in the largest apartments and most desirable neighborhoods.
The buyers were pausing, and the sellers didn't seem to notice.
There was significant pickup in the last six weeks of the market; the buyers came flocking back. Part of it was the anticipation of the Wall Street bonuses, part of it was the feeling that there was some opportunity to buy and negotiate.
In the last six weeks of the year, the buyers sort of came back. I believe that's going to carry over into the first quarter. There's a lot of talk about the bonus money.
Buyers got tired of paying more and more and took a breather.