The Manhattan Inventory Report for 6/8/2013

The Manhattan Inventory Report for 6/8/2013

 State of the Market

While the steak is no longer intact, the trend certainly still is. The increase in available apartments noted on 6/6/13 was apparently a one day wonder as available supply slips again to another new low. The last time inventory was this low was 1/16/13. Yesterdays data shows 17 units disappeared from supply. There are 4718 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. August is typically the second slowest month of the year.....

The Manhattan Inventory Report for 6/8/2013

 All data courtesy of Urban Digs