[Three Cents Worth NY #210] Manhattan Housing Talks Like a Pirate

Posted by Jonathan Miller - Wednesday, September 19, 2012, 5:03 PM

It’s time to share my Three Cents Worth (3CW) on Curbed NY, at the intersection of neighborhood and real estate in the capital of the world…and I’m simply here to take measurements.

Read this week’s 3CW column on @CurbedNY:

…Out of respect for International Talk Like A Pirate Day I thought I’d comment on housing metrics that would provide seaworthy analogies to prepare us for the next round of Manhattan housing market reports (i.e. our 3Q 2012 market reports we’ll be publishing with Douglas Elliman) in less than two weeks when the quarter ends. For this edition of 3CW I matched up Manhattan co-op/condo absorption rates and the year-over-year change in median sales price of the last decade. Absorption covers sales and listing trends and prices cover, well, you know what they cover. For the purposes of my analysis I define absorption as the number of months it would take to sell all active inventory at the current pace of sales…

[click to read column]

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