Buyers searching for luxury homes in Manhattan are short on options.  Listings for high-end condos and co-ops fell 27 percent annually in the first quarter, hitting the lowest level in nearly two decades, according to a report by appraiser Jonathan Miller, backed by data from StreetMatrix.  Inventory in the luxury sector — defined in the report as the top 10 percent of the market — sharply declined late in the first quarter, beginning when the U.S. entered its war with Iran. Miller said listing levels, in small part, were likely also affected by a flurry of activity at the end […]

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