the numbers are coming! the numbers are coming! 1Q market report season begins
links + tease
The headline of the Josh Barbanel piece in this morning’s New York Times pretty much says it all about the major firms’ First Quarter Manhattan residential real estate market reports: Apartments Sell for Less if They Are Sold at All. There will be much to say about these reports in the next few days, and much heated commentary to be written and digested.
A quick scan of the two reports already on the web (links below) revealed one number that jumped out at me higher than any other number:
twelve point four percent
Think about that … after (in many cases) having dropped the asking price, sellers were not able to do better — on average — than to get 88% of the price they may have dropped to only after having been dragged to that number kicking and screaming. Talk about sellers not understanding The Market!!!
I will have more about these Manhattan residential real estate market reports (and their loft-centric components) in the next few days. Meanwhile, for those who are interested, the Miller Samuel report is
I don’t think that The Miller, Greg Heym and (whoever does the numbers at Corcoran) got much sleep in the last week.
© Sandy Mattingly 2009