Monday, October 03, 2005

Condo Inventory Up in NYC

Look at how inventory has been rising in NYC from www.curbed.com.

Snip..

"Meantime, the monthly Luxury Letter report from Elliman brokers Leonard Steinberg and Hervé Senriquier concedes the reality—"As we end the month of September, we have to conclude that the market has certainly been active, although attendance at Open Houses is down sharply, and so too are appointment requests." Along with the graph they show of rising inventory below 34th Street (above), they conclude, "Unrealistic Sellers with too high expectations and not enough flexibility may regret passing on good offers." That said, today's prices will look like a steal in 2072."

0 Comments:

Post a Comment

<< Home