Manhattan’s absorption rate is 9.9% over 10 years

The inimitable Jonathan Miller prepared the above charts on the absorption rates of co-ops and condos in three areas of Manhattan.

The appraiser’s data, prepared by Miller Samuel for Prudential Douglas Elliman, tell an interesting story about the number of months it would take to sell the units at the rate they found buyers during March.  Click on the chart to expand.

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Malcolm Carter
Licensed Associate Real Estate Broker
Senior Vice President
Charles Rutenberg Realty
127 E. 56th Street
New York, NY 10022

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