Inventory Surge?
Started by malthus
almost 15 years ago
Posts: 1333
Member since: Feb 2009
Discussion about
SE is showing 434 units put on the market in Manhattan in the last 7 days. Anyone? Anyone? Noah?
The ACTIVE, PENDING and OFF MKT trends for Manhattan is FREE on UrbanDigs.com..here is a chart showing the last 30 DAYS of ACTIVE Inventory for Manhattan:
http://www.urbandigs.com/chart.php?s1=Active&s2=&mindt=02%2F03%2F2010&maxdt=02%2F03%2F2011&t=Market Trends&interval_mindt=2011%2F01%2F04
Add that up and you see a net gain of high 400s for Manhattan supply in the last 30 days, or a move higher of 7.2% according to our systems.
http://www.urbandigs.com/chart.php?s1=Active&s2=&mindt=02%2F03%2F2010&maxdt=02%2F03%2F2011&t=Market+Trends&interval_mindt=2011%2F01%2F04
seems to be a space in the above url when I try to post here...please copy the url and make sure where it breaks looks like this --> "=Market+Trends&interval_mindt=2011%2F01%2F04"
The sellers who have been waiting for the spring market are starting to list. If you want useful local info go to http://www.listingtorch.com
Yes, it's the spring surge. If you look at Urbandigs' chart and click on the MAX button, you can see the trend upward each January for the last few years.
the very beginning of a 20 inch snow storm that cripples the city looks mightily similar to 1 inch dusting. good luckz... game on....