It’s time to share my Three Cents Worth on Curbed, at the intersection of neighborhood and real estate.
Three Cents Worth: Co-ops and Condos Can Share
It’s Friday and admittedly this chart is long on color and short on numbers, but it’s sunny and 77 degrees outside so whatever. This week I matched up number of sales and listings by market share post 9/11. (I’m not including new development condo shadow inventory in the analysis because its a recent phenomenon, although it will be a significant factor going forward).
It’s no secret that co-op market share held sway over condo sales for as far back as anyone can remember, and the recent mid-decade housing boom brought parity to co-op/condo sales and listings, allowing condos to cross the 50% threshold versus co-ops circa 2005-2006.
Check out previous Three Cents Worth posts.