The West 40s and 50s saw the most strength, with luxury condominium units being snapped up by move-up buyers. Demand was strong from the overseas clientele, with the majority being drawn from the Asian region. The East 50s had diminished overall demand, which was balanced out by the tight supply. Midtown East neighborhoods, such as Murray Hill, Turtle Bay, Gramercy, etc.., remained firm, with just a moderate amount of activity. Unlike earlier in the year, the smaller units ó studios and one bedroom apartments ó were strong. However, the large multi-bedroom units appeared to have slowed down in both price and number of sales. The increases in interest rates have been mitigated by the slowly advancing economic recovery. The dirth of new construction and the reasonable demand for existing properties are setting up the new year to be "steady as she goes" for the midtown market.