Over New York: The Manhattan Inventory Report for 6/11/2013

Over New York

Pronounced Ova NaYawk. The title and image imply an overhead view of NYC, but it really is homage to my Grandfather, who passed on his love of NYC. A longshoreman on the docks in Bklyn, every day he looked at the city's skyline. After retirement he would go into the city at least 4 or 5 times a week from our home in Windsor Terrace. He'd say to me in his thick Brooklyn accent, "C'mon kid, we're goin over NaYawk", which meant the city. And he passed on that love of NaYawk to me. Thanks Gramps!

Tuesday, June 11, 2013

The Manhattan Inventory Report for 6/11/2013

The Manhattan Inventory Report for 6/11/2013
State of the Market

Deeper into the rabbit hole we go. Supply dips again to another new low for this move down, and the slowing seems to have evaporated as 13 apartments left the active listing rolls.The last time inventory was this low was 1/16/13. There are 4698 units available for sale in Manhattan. The lowest recorded number in the last 5 years is 4491 recorded in Late December 2012.Todays chart shows one quarter's worth of data. You can clearly see that supply has fallen in pretty much a straight line from the May peak.

The Manhattan Inventory Report for 6/11/2013

All data courtesy of Urban Digs

Over New York

Tuesday, June 11, 2013

The Manhattan Inventory Report for 6/11/2013

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