This your Manhattan Real Estate Market update for February 11th 2019.
Buying or Selling an apartment in New York City right now? Don't miss this real estate market update. The new metric called the Market Pulse is explained and you will want to listen in to see why that could benefit you. Then as an added bonus if you scroll down I provide more insight into the Market Pulse.
The Market Pulse in Manhattan is calculated by taking pending sales and dividing it by active inventory. In English it means comparing how many apartments currently have signed contracts to sell, versus what apartments are currently on the market trying to sell. You can see from the chart below that in the Fall of 2013 it almost approached 1, but since 2016 it has been on a steady decline.
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