Urbandigs entry level inventory -

Can you please post the link? Thanks.

https://www.urbandigs.com/charts.php#

click on supply(upper left hand corner and select what u want..

Thanks a lot.

today studios are down 29% and 1 bedrooms are down 15% YoY. That is pretty crazy since 2015 was already very low to begin with. What gives Noah? Is that what you and your colleagues are seeing out in the field?

yes I can confirm that is what I am experiencing in the field, and many colleagues I keep in touch with confirm this trend too. Discussed it a while ago on UD - https://www.urbandigs.com/blog/manhattan-days-on-market-its-a-price-point-specific-kind-of-question/ - this is a very price point specific market with the lower end continuing to be very tight through the soft patch last fall and the comeback over the last 6 weeks or so

ok thx. charts are great btw.

true transparency everyone. After rechecking the data for supply charts, we found a bug that seemed to hit about 9 days ago or so that affects our listing side charts; supply-pending-off market. Its a status flow issue with incoming new rls updates. We are investigating the source of the issue so we can engineer a fix and safeguard for future, then we will regen charts. Inventory still low/tight in this sector, but not as low as stats currently state due to this bug. Will post here once done and I will put a banner on these 3 ud chart pagse as well. sales charts and monthly charts not impacted as issue hit around April 5-6

@digs Interesting to hear you confirm what we are experiencing. We enjoyed that soft patch while it lasted, however the last few weeks have been tough for our clients. Welcome back calls for highest and best! We are also seeing strength in the 2-3 bedroom market for $3-5M homes that tick all the boxes. The difference with this revived market is buyers appear to be more selective, hitting quality listings hard. Sellers with mediocre homes whether priced correctly or not languish.

Keith Burkhardt
The Burkhardt Group

ok, the issue is now fixed - http://www.urbandigs.com/chart.php?type=ACTIVE&nbhoods%5B%5D=all&proptype%5B%5D=all&price=all&bdrms=all

We experienced an issue on April 3rd that caused listing side updates to not import properly and our supply, pending, off mkt charts were affected. Everything else was fine. We fixed the issue and regenerated the charts. The last two weeks now have the proper status updates from rls. Sorry for any inconvenience but the stats are all good now for this discussion.

Steve - studios down 18.8% yoy..1beds + 6% yoy with the bug fix. https://www.urbandigs.com/chart.php?type=ACTIVE&nbhoods%5B%5D=all&proptype%5B%5D=all&price=all&bdrms=0

https://www.urbandigs.com/chart.php?type=ACTIVE&nbhoods%5B%5D=all&proptype%5B%5D=all&price=all&bdrms=1

Overall + 11.5% yoy - https://www.urbandigs.com/chart.php?type=ACTIVE&nbhoods%5B%5D=all&proptype%5B%5D=all&price=all&bdrms=all

We put a flag alert on the 3 chart types affected by this bug. Again, apologies for inconvenience. 50k lines of code in that chart room

Thanks Noah...charts and stats are great.