New listings vs. contracts signed

Who knows what day of the week the listings actually get added.

More importantly... inventory is still steadily growing...

http://www.urbandigs.com/charts.html

inventory up 28% in the last 6 months...my guess is 50% by the fall.

cc, even if inventory fell, it wouldn't matter. it would just mean that those still on the sell side really don't care if their lives are disrupted by nearly-useless showings, or that they do indeedy really need to sell. if they go up at all significantly, that would surprise even me.

i don't think we've seen even the beginning of need to sell. i also think that when our current stock market recovery disappears that will be a body blow to the illusion that many still have regarding overall financial stability.

i agree. i just don't think that's going to show up necessarily in this summer's inventory numbers. it might, but my guess is you'll see selected evidence of carnage this summer, and the really interesting times should begin right after Labor Day. But we shall see. You may be right, it may be further along than I realize.

based on my straw poll of normal (i.e. non SE posters!) people: still running 95/5 that nyc is different, special; this is a blip, etc.

NYC *is* different in terms of RE!

Its much, MUCH worse...