Supply is about 400 away from surpassing 2009 highs

Noah Rosenblatt

Talking Manhattan on UrbanDigs.com
i dont see overall off mkt moving up that much? But i do see 207 in last week - so guess that is ticking up 1602074923748.png
 

David Goldsmith

All Powerful Moderator
Staff member
Big drop in Off Market this week.....
And inching closer to new record for Manhattan listings. Considering there is also huge rental inventory and decreased demand there is strong downward pressure on prices right now.
 

Noah Rosenblatt

Talking Manhattan on UrbanDigs.com
Rental market pressures are definitely a negative force out there. Headlines making it's effect. I see tweets on 'deals' being had in commercial and residential. Smart money making changes now to take advantage before the recovery trend takes hold. 2020 is the new 2009.
 

David Goldsmith

All Powerful Moderator
Staff member
I think the deals starting to occur in New Development - where there is tons of shadow inventory - are going to steal the wind from resales at some point.
 

Noah Rosenblatt

Talking Manhattan on UrbanDigs.com
i agree with that and wondering if/how many bulk deals are going down right now and where those discounts are at
 

Noah Rosenblatt

Talking Manhattan on UrbanDigs.com
Although, my new Market ticker on dev2 which is where we are testing the new features, is showing a notable downtick in new listing inventory last 7 days

1602853605760.png

Quick update - New dash is 99% coded, only few bugs remain. We are in final testing mode. New homepage being coded, wont be long. Looks like we will release in <2 weeks - finalllly!
 

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