Historical Supply vs Pending Sales for Manhattan

David Goldsmith

All Powerful Moderator
Staff member
Come to the Dark Side, Noah! Lol.

I also think right now Pending is overstated because ACRIS is still lagging and there's a lot of stuff which has actually closed but still marked as In Contract.

I think anyone who thinks prices are not heading down is in denial of Keynesian Microeconomics.

Noah Rosenblatt

Talking Manhattan on UrbanDigs.com
lol..funny. So acris starting to file at higher capacity last 3-4 weeks, so the system update slowdown issue is past I think. Now its just whatever is in the pipeline volume wise from last 6+ months. So thats one. Second, I must say, Im impressed with deal vol these last 6+ weeks. If we can stay in 800s for a bit, that is enough to push pending higher as well from the depths of hell we hit in shutdown

very fluid situation heading into a covid winter though

Prices - all the datasets I see show less negotiability today than during shutdown - so prices are def down, looks like we are bouncing a bit off June lows, but that can be beaten by lower lows quite easily when looking ahead the next 4-6 months of sales being recorded...in the field, def not as fearful or illquid