Are Listings in Contract Increasing

They have increased by about 15-20% (this is for a very small time period, however, less than a month).

What do you think is driving that? I don't think we're anywhere near bottom yet. Is it just seasonal?

wasn't there a thread a couple weeks ago saying that almost no listings in contract were being added?

Perhaps this is just the glitch being fixed...

There usually is a seasonal uptick. Also, when prices adjust downward at every step you'll find a certain group of people who feel comfortable going forward, for whatever reasons. It's running at somewhere around 430-460/30 days. For some perspective, most years see somewhere in the neighborhood of 10000 sales, or 830 per 30 days, with quite a bit more contracts signed in the bonus period, spring and early-fall periods.

Inventory has been trending upward, now at over 10,000 for 30 days.

1-DAY 7-DAY 30-DAY
NEW LISTINGS 47 638 2,115
PRICE CUTS 7 33 677
CONTRACTS SIGNED 12 107 461
TOTAL INVENTORY 10,493 10,455 10,151
NYC Real Estate Data From

until the contracts signed number starts approaching the new listings number. It don't mean a thing

well lo888, if you're trying to time the market then yes it's a big deal......yes you def. need to worry and start crunching those numbers again.