The Manhattan Inventory Report for 6/13/2013

 The Manhattan Inventory Report for 6/13/2013
 State of the Market

Yesterday produced a big drop in inventory, the largest in June so far. Another new low for this move down, and the pace picked up as 30 units left the active listing rolls.That constitutes almost a doubling of the rate we have been experiencing over the last month or so. The last time inventory was this low was 1/12/13. There are 4655 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 one 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 6/13/2013

  All data courtesy of Urban Digs