The Manhattan Inventory Report for 6/26/2013

The Manhattan Inventory Report for 6/26/2013

 State of the Market

The Manhattan Inventory Report for 6/26/2013  Is the Bottom in? The number of active listings dropped yesterday, giving back the previous days gains. however pendings akso dropped a bit. Listings decreased by 10 units, up by 57 units from last weeks low. The timing of this bounce in inventory came as interest rates stabilized at high levels. It seems the spectre of even higher rates has brought out sellers and I would expect that to continue for a bit. We've been talking about this for a while now. The fact that interest rates may likely be putting in a generational low. This is a great time to list your property as there still is a very small amount of listings competing, and sales are going through as people rush to beat the interest rate rise.

The Manhattan Inventory Report for 6/26/2013

All Data Courtesy of Urban Digs