Friday, January 06, 2006

NY Times real estate listings tracker

I've been tracking the number of real estate listings advertised on the NY Times website, updating my spreadsheet almost weekly since late June 05. I always capture the listing count on Friday, to be sure I get all the listings that have been submitted for the weekend. As I've mentioned before, this is not necessarily the best way to get an accurate picture of what is going on in the housing market, but it's interesting to look at nonetheless, and should have some correlation to the supply of housing on the market.
Here is my chart thus far:

Some of the fluctuations here may be seasonal-- over the summer, there were fewer properties on the market. The summer slump is most noticeable in Manhattan, since anyone who can afford to live there also seems to be able to afford not to live there in the summer! Then things pick up in the Fall, peaking at around the middle of November, and easing off a bit through the holidays. So far, at least, it doesn't look like everyone has seen a crash coming and decided to sell high, but it will be interesting to see what the chart looks like over the next few months...

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