THE SLATER TEAM
WINTER/SPRING 2022
NEW YORK MARKET PREDICTIONS WINTER/SPRING 2022
IN QUESTION: Where are we now, and what is coming?
SUPPLY: We are functioning at 70% of the listing supply now versus one year ago. Total supply of Manhattan apartments per week is shown below. 400
300
200
100
0 1 7 5 3 4 17 31 15 14 10 01 05 9/12 9/19 26 29 22 08 /2 11/28 2/05 12/12 2/19 2/26 1/02 /0 /2 1/0 0/ 8/ 0/ - 10/ 7/2 9/ 9/ 11/ 8/ 8/ 8/ - 08/ 1 - 11 -1 - 10 4 - 1 -0 3-0 0-0 - 10 5 - 1 01 - 1 08 -0 6-0 2-0 -1 -0 -0 3-0 0-0 1 5 2 - 29 1 7 1 9 6 8 9 6 2 1 1 / 2 06 2/13 / 1 0 20 2/27 / /2 /0 09/ 11 /3 /2 /2 09/2 10/ /0 08/0 08/1 10 11/ 11/ 11/ 1 10/ 11/ 10/ 12/ 07 1 12/ 07 09 08 08 09 08
DEMAND: Demand has zoomed heavily since the pandemic, and is now consistently high. Inventory is becoming the larger problem. Total number of Manhattan contracts signed per month in 2021 vs. 2020 is shown below. 400
300
200
100
0 y Jul
0 21 21 21 21 21 21 20 20 20 20 20 02 20 20 20 20 20 20 20 20 20 20 20 y2 er er er er er er er er ust gust b b b b b b b b g Jul o m m m t m m m to Au Au ce ve ce ve Oc pte epte Oc No De No Se De S