The Manhattan Inventory Report for 6/12/2013

 The Manhattan Inventory Report for 6/12/2013
 State of the Market

I'm reminded of a submarine sinking toward the depths of the abyss! "Dive, Dive, Dive!" Supply dips again to another new low for this move down, and the slowing seems to have evaporated as another13 apartments left the active listing rolls.The last time inventory was this low was 1/14/13. There are 4685 units available for sale in Manhattan. The lowest recorded number in the last 5 years is 4491 recorded in Late December 2012.Today's chart shows two years worth of data. You can see that while demand has dropped a little the last few days, the absorption rate is still eclipsing the number of new apartments coming onto the market. The lows of early January are easily within reach this month.

The Manhattan Inventory Report for 6/12/2013

 All data courtesy of Urban Digs