Manhattan had a 5.3-month supply of apartments for sale at the beginning of May, up 3% from the prior month. *Note- It's worth remembering that a 'balanced' market historically has had 6-7 months of supply. The month’s supply of Manhattan apartments ticked up 2% for condos and 4% for coops compared to April.
With a 4.2-month supply of apartments for sale, the West Side continues to be the tightest market. On the East Side- 1&2 bed apartments were the tightest sub-sector for both condo & co-ops, with condos at 3.6 months and co-ops at 5.3/5.3 respectively. For a complete breakdown of this and our weekly reports, please go to - www.sg-nyc.com Thank you! Best, Sean