Real-Time Charts on UD - Data by Streeteasy

Is it ironic that shortly after you posted the above post that Streeteasy crashed .....!

yeah. sorry about that. we got a little too excited.

There was a 700 unit jump before, now it looks much smoother, what gives?

Also, can you do something like units by time on market and let the user type in max time?

Wow, that is really interesting urbandigs. You rock!

yea I noticed that! Ha! Regarding the 700-unit jump when Streeteasy expanded their coverage, I believe that brought the total # from 7100 to about 7800 in 1 day, in early May. Its reflected in the chart although I dont see May there, so Ill ask programmer tomorrow about it.

Thanks all and a BIG THANK YOU to streeteasy IT team for all their hard work and passion in making Manhattan real estate more transparent!!!!

Digs, any chance we can get a slice by neighborhood and unit types?

Yes, good idea JM.

And how about pricing data like median sales prices and ppsf? Some of this is already available (e.g., at Miller Samuel) but would be helpful to have in one place and using similar datapoints as for the other charts.

Charts look good. Would like to see prices increases also included.

Great chart I'm sure now you can convince the sellers to lower their price so either you can get a good deal for yourself or a potential buyer looking for a great deal. You should print it out and carry it with you when your trying to beat down a seller. Please, please, please, don't show a 1 year 2 year or 3 year year trend for that will screw up your chart. Man you Rock.

I like this chart better makes Urbans chart look simplistic and moronic.
http://www.millersamuel.com/charts/gallery-view.php?ViewNode=1206132198DYzLF&Record=2

ahhh spunky. in true form. love the bitterness and accusations. Looks good on you.

You do know I only started collecting data since Nov right, and posted this like five times on the blog.

ahh Urban what more than can one expect from an ethical Real Estate Agent such as yourself. Always out for the best interest of everyone else except for yourself. Man You Rock

Wow, Spunky, that's an awesome idea. While he's at it, Digs can carry around this chart, too:

http://www.millersamuel.com/charts/gallery-view.php?ViewNode=1211400990lIRya&Record=4

It's Jonathan Miller's chart of YOY listings and sales for Manhattan. While the number of new co-op listings is down around 2-3% YOY for Q1 08, the number of co-op sales is down around 43%.

New condo listings are up around 11%, while sales are down around 25%.

Gosh, you, me, Miller...I get all misty.

Yep and how bouts putting this one in your your hip pocket tenemental or maybe you can put it in your pipe and smoke it as well.

http://www.millersamuel.com/charts/gallery-view.php?ViewNode=1172174113xJdGm&Record=13

I just love this stuff. Hey buy the way temnemntal I think you need to go to a least 5000 more open house over the next 5 years before you decide it's not the right time to buy.

Silly Spunky, I don't smoke. Not sure what's going on in ultra-luxury-land, but what I've been looking at sure hasn't been going up. You have seen the open house reports and comps thread, haven't you?

Seriously, Noah, well done. I'm sure you get some dirty looks at industry functions, but the better brokers will benefit in the long run by repairing the industry's reputation.

yeah hats off to you Noah. Hip Hip Hooray! It's about time someone came out with a great chart like that. Anyway can I get that silk screened so I can wear it when I go to one of your open houses?

I really think information like this will help both the buyer and the seller. Buyers don't always know what price the market will bear. When things are priced right they are selling, and selling quickly. It is the disconnect of not recognizing current market conditions that is contributing to increased inventory. Thanks Urbandigs for trying to enlighten us all a bit.

Spunky you shouldn't buy the way. Sell the way.

No actually you should bi the way get ready to send in your rent check and bye the way when you renew your lease do expect to pay a higher rent.Never ever by real estate in Manhattan because BTW it will crash any day now. Buy the way have you noticed the rise in inventory.

spunky, why you so angry? C & MER not working for you?

Spunky - Why dont you start a website, www.urbandigssucks.com, whose stated mandate is to eliminate any aspect of transparency in Manhattan so that buyers can continue to bid up properties for the benefit of people like you. That way, the market can only go up and any talk of a correction will be immediately discounted because there is no data to prove softness.

Unsold houses rise to 23-year high in April
http://www.marketwatch.com/News/Story/Story.aspx?guid=%7BA367A898%2DAD7A%2D49A9%2D80F3%2D0C20FB1CF022%7D&siteid=mktw

UD, as always, great work. If spunky hates it, it must be good!

Why don't you put a right-hand y-axis on it for # of months' inventory, based on Miller Samuel's data for the past 10 years?

I think that and a little PR to the media might get your website some hot action - it'll show an 11-month supply of properties on the market. Without counting unreleased new developments and undeveloped new developments.

thx steve - well months supply is total inventory divided by sales volume. I dont have the sales vol metric, from streeteasy, that is used as that is closed deals for the month. I am monitoring contract signed powered by streeteasy, but that is a dataset that is lagging a bit compared to new listings or price reductions that get picked up earlier. What I mean is, many brokers leave a listing active even after a contract is signed so as to get buyer clients to call.

I can work on months supply though if I can get sales volume elsewhere. For now, all charts are based upon data streeteasy provides. Thanks for insight, Ill work on it

No measure like this is ever going to be 100% accurate. NAR uses rolling data, I think - at this pace of sales it will take x no. of months to clear inventory - but MS's monthly average - which has been very steady over 10 years - is a good interim substitute. I believe they have the data broken out by quarter for the past 10 years online, and except for 2007 and 1997 are consistently around 8,500 sales per year.

Your idea would of course be better, b/c there has been a phenomenal growth in prices over these past 10 years, meaning that 8,500 represents excess demand over supply, the exact opposite of what we have now.