Reflecting on Manhattan's Recent Surge
A: What we have been discussing here on UD for months is now starting to hit the mainstream media in a big way, with articles like "In a Sellers Market, Every Minute Counts" starting to come out. Perhaps a sign that the craziness has run its course? Who knows. When I look at deal volume I see that we are at the strongest levels of the year and blowing away production from past years. Hard to belie ...
Manhattan April Market Report -- Deal Volume Continues to Surge
A: Deal volume across Manhattan continued to surge as we finished up the month of April, rising 15% from the month prior and booking 24% 'more deals' when compared to April of last year. Supply on the other hand is showing its first signs of "ticking up", as sellers may finally be heeding the call to list property to meet current demand. All in all, its been a crazy active season so far in 2013 es ...
Q1-2013 in the Books -- Buyers Facing Inventory Shortage
A: Manhattan active inventory stands at 4,826 units, down 30% from this time last year. At the same time Manhattan's Pending Sales, the measure of real-time demand, stands at 3,154 contracts awaiting closing; this is up 24% from this time last year. On a monthly basis, we continue to see 'less new stuff' coming onto the market and 'more listings' than usual going to contract. It seems Manhattan is ...
