Inventory, sales data suggest Manhattan’s recovery

Thanks to the smart folks who produce a blog called Urban Digs and the data they mine from Streeteasy.com, I can report that Manhattan inventory has now dipped to January levels.

This chart from Urban Digs suggests the times they are changin'.

Exactly one year earlier, when the market was white-hot, supply sank to its lowest point during the period chronicled (the earliest for which Urban Digs was able to obtain data). It will be a very long time before such a low is reach again, if ever, and uncertainty about the days ahead remains as high as ever..