More listing in contract?

Pending Sales currently down 11.3% year over year, but more telling is that Monthly Deal Vol is down 15.8% YoY, so yes, deal activity is down relative to a year ago. All data points to early to mid 2015 being peak in terms of deal activity and price action, early 2015 for high end, mid 2015 for broader market. Both activity and prices for resale mkt seem to be down compared to that period. How much down depends on the price point, high end being impacted by softness more severely than low end.

https://www.urbandigs.com/chart.php?type=CONTRACT+SIGNED&nbhoods%5B%5D=Manhattan&proptype%5B%5D=all&price=all&bdrms=all

Takes sellers about 17% longer to sell properties today vs year ago. Another stat worth sharing.
Happy Turkey Everybody!

Thanks Urban. Do you have a chart of weekly new contracts - essentially stripping out the effect in the above chart of the old contracts which have now closed. Essentially, how many deals were signed during any week.

Happy Thanksgiving!!

I think you call it "Monthly contract activity" on your website. Looking for a weekly version of that.

I do indeed see many more listings in contract. Many had been sitting for a while despite being reasonably priced (in my opinion). I am guessing it will show up in data last month and despite higher rates, logjam for non ultra-luxury (>2500 per sq ft) will start to clear.

Here is an example:
http://streeteasy.com/building/133-mulberry-street-new_york/2a