Key Takeaway
- The housing Inventory is low. There is only about half the number of homes for sale compared to the last average years in the market.
- That means buyers don’t have enough options right now. So, if you work with an agent to list your house, it should be in the spotlight.
- Manhattan’s overall housing inventory statistics: the supply is 6,088, under contract is 2,910, and the market pulse measuring supply and demand is .48%. There were 551 price cuts in August. In Brooklyn the supply is 3,011, under contract is 2,001, and the market pulse is .66%. There were 499 price cuts in August.
- If you’re thinking of selling, let’s connect so your house can stand out while there’s such a shortage of supply and buyers are craving more options.
