Ticker TOP for 1 MONTH Deal Vol?

Wonder if the composition of the off market units is something to dig into...would be interesting to see a distribution by DOM of the off market stuff as well as # of price cuts/% discount (that clearly didn't help drive demand). Given the large volume, it interesting how bifurcated the market really is. It seems that we're operating in to two distinct markets, one which is highly liquid, inventory constrained and generally priced fairly, and another which is just way off base with seller expectations.
 

Noah Rosenblatt

Talking Manhattan on UrbanDigs.com
Staff member
Wonder if the composition of the off market units is something to dig into...would be interesting to see a distribution by DOM of the off market stuff as well as # of price cuts/% discount (that clearly didn't help drive demand). Given the large volume, it interesting how bifurcated the market really is. It seems that we're operating in to two distinct markets, one which is highly liquid, inventory constrained and generally priced fairly, and another which is just way off base with seller expectations.
hmm, very interesting. Im sending to John to dig into
 

David Goldsmith

All Powerful Moderator
Staff member
Wonder if the composition of the off market units is something to dig into...would be interesting to see a distribution by DOM of the off market stuff as well as # of price cuts/% discount (that clearly didn't help drive demand). Given the large volume, it interesting how bifurcated the market really is. It seems that we're operating in to two distinct markets, one which is highly liquid, inventory constrained and generally priced fairly, and another which is just way off base with seller expectations.
Note that more units left the market due to being pulled/giving up than left due to success (contracts signed).

See my post from last month here:
 

inonada

Well-known member
In my old building, there were 5 new sales listings over the past month, out of ~50 units. 4 are priced for a sale, 1 is priced to sit. It seems the sellers are showing up for the busy season, but I’m guessing the buyers already showed up in the spring & summer this year and have left.
 

Noah Rosenblatt

Talking Manhattan on UrbanDigs.com
Staff member
Wonder if the composition of the off market units is something to dig into...would be interesting to see a distribution by DOM of the off market stuff as well as # of price cuts/% discount (that clearly didn't help drive demand). Given the large volume, it interesting how bifurcated the market really is. It seems that we're operating in to two distinct markets, one which is highly liquid, inventory constrained and generally priced fairly, and another which is just way off base with seller expectations.
Keep thinking about this
 

Noah Rosenblatt

Talking Manhattan on UrbanDigs.com
Staff member
In my old building, there were 5 new sales listings over the past month, out of ~50 units. 4 are priced for a sale, 1 is priced to sit. It seems the sellers are showing up for the busy season, but I’m guessing the buyers already showed up in the spring & summer this year and have left.
Oct & Nov is when the deals get signed...we should start to see action now as offers get accepted and deals go to attys for a few weeks and then rls picks up the CS update from broker after deal signed. BUT, Im hearing anecdotally that bids are not aggressive right now and properties priced well, unless its got smtg special, aint movin
 
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