[Three Cents Worth NY #216] Manhattan’s Steamy Absorption Rates

Posted by Jonathan Miller - Thursday, November 8, 2012, 2:36 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 here to take measurements.

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

…Manhattan listing inventory has been sliding for a few years yet sales have remained stable—playing havoc with the monthly absorption rate. The absorption rate used here is the number of months to sell all active listings at the annualized rate of sales activity. I like it because puts supply and demand into the same metric. I see it as defining the “pace” of the market. It is important to note that there are periods when inventory is rising AND sales are rising and vice versa, so limiting the view to only one of the two metrics tells just half the story…

[click to read column]

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