Updated Inventory Check - New Listings
A: Thanks to Joe from the Curbed comments thread for suggesting a cleanup of the graph along with a longer dataset and smaller price groups. Here are two 30-day charts showing the # of NEW LISTINGS that have come to the market, this time including Harlem & Battery Park City, representing the past 30 days and the 30 days prior to that. Lets see if we can deduce any conclusions with this enhancement.
Neighborhoods Included: Battery Park City, Central Park South, Chelsea, Clinton, E. Harlem, E. Village, Financial District, Gramercy, Greenwich Village, Harlem, Little Italy/Chinatown, Lower East Side, Midtown, Murray Hill, SoHo, Sutton Area, Tribeca, Upper East Side, Upper West Side
Okay, now I know March has an extra day then April but for general analysis this is got to be much better than the last chart to draw conclusions from.
Conclusions: It appears that there is quite a jump in new listings inventory across ALL of the price groups in the past 30 days compared to the 30 days prior. I haven't checked into pricing so I'm really not sure if this new inventory is bringing prices down or not. I'll continue to do this every 30 days so we can keep tabs on the new listings trends and which price group is seeing the biggest percentage change from month to month.
I'm still learning this stuff so if you have an idea of what dataset can be added to make this analysis more useful, please let me know.