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[Three Cents Worth NY #227] A Dozen Manhattan Housing Market Stages

It’s time to share my Three Cents Worth (3CW) on Curbed NY [1], at the intersection of neighborhood and real estate in the capital of the world [2]…and I’m here to take measurements.

Check out this week’s 3CW column [3] on @CurbedNY:

After reviewing an appraisal of a Manhattan sales transaction yesterday that had more than a dozen backup offers above list price (and not the first such situation we’ve seen recently), I thought I’d keep the listing inventory discussion train rolling on 3CW. I looked at a 12-year monthly co-op and condo inventory and named the housing stage at beginning of each year. Incidentally, Manhattan inventory has collapsed 54.5 percent from peak. The monthly 12+ year co-op and condo average is 7,292….

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[click to expand chart]

 


Today’s Post: A Dozen Manhattan Housing Market Stages [Curbed [3]]
Three Cents Worth Archive Curbed NY [5]
Three Cents Worth Archive Curbed DC [6]
Three Cents Worth Archive Curbed Miami [7]