The Manhattan Property Inventory Report for 5/31/2013

The Manhattan Property Inventory Report for 5/31/2013

 State of the Market

The Manhattan Property Inventory Report for 5/31/13 shows a severe dropoff in inventory. For the 13th consecutive day, supply shrinks and this time by 65 units, the largest 1 day falloff in the 13 day string. There are 4771 units available for sale in Manhattan. The lowest recorded number in the last 5 years is 4491 recorded in Late December 2012. It also must be noted that the 5 year low came at the slowest listing period of the year, just after the holidays. We are in the late in the spring selling season, inventory should be much higher.

The Manhattan Property Inventory Report for 5/31/2013

All data from Urban Digs& Zillow