Check out this week’s 3CW column on @CurbedNY:
After reviewing an appraisal of a Manhattan sales transaction yesterday that had more than a dozen backup offers above list price (and not the first such situation we’ve seen recently), I thought I’d keep the listing inventory discussion train rolling on 3CW. I looked at a 12-year monthly co-op and condo inventory and named the housing stage at beginning of each year. Incidentally, Manhattan inventory has collapsed 54.5 percent from peak. The monthly 12+ year co-op and condo average is 7,292….