'Dog-eat-dog' condo days are gone

As the national real estate market descends from record heights, condo developers in some markets are buddying up to home shoppers and real estate agents with promotions and incentives.

The "dog-eat-dog" condo market of the not-too-distant past has lost some bite but not its bark, according to Thomas C. Demsker, a Realtor with Prudential Douglas Elliman in New York City.

Inventory is up, and some sellers have dropped prices after realizing they were expecting too much, he said.

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