Miller Samuel
Elliman Magazine Column โMarket Updateโ โ New Inventory Is Falling
My Interview on Crosstown with Pat Kiernan โ What can we do about NYCโs housing crisis?
[Podcast] Slate Money: Felix Learns What A Condo Is โ Jonathan Miller joins to talk all things real estate.
Elliman Magazine Column โ A Symptom of Chronic Inventory Lows: Bidding Wars Are Everywhere
For each issue of Elliman Magazine produced by Douglas Elliman, the same company that publishes most of our U.S. market research, I write a brief column and create a graphic to illustrate an important issue facing the luxury housing market. Of course, the graphic I create is then supercharged by their very talented graphics staff.
Listing inventory has essentially collapsed in most U.S. housing markets as unusually low rates against the backdrop of robust economic conditions have burned off supply
... moreFor each issue of Elliman Magazine produced by Douglas Elliman, the same company that publishes most of our U.S. market research, I write a brief column and create a graphic to illustrate an important issue facing the luxury housing market. Of course, the graphic I create is then supercharged by their very talented graphics staff.
Listing inventory has essentially collapsed in most U.S. housing markets as unusually low rates against the backdrop of robust economic conditions have burned off supply to record lows. Evidence of this is seen in the proliferation of U.S. housings markets with a significant share of bidding wars. Since these are broad markets, various submarkets can see the market share at must higher levels. The proxy for market share is the share of transactions that close above the asking price at time of sale against total period sales.
In the current issue of Elliman Magazine: Spring/Summer 2022, my column โA Symptom of Chronic Inventory Lows: Bidding Wars Are Everywhereโ
[click to expand]
Tags: Listing Inventory, Elliman Magazine, bidding wars, Douglas Elliman
less