Jun
01

Best Time to Sell? Manhattan Sales More Like a Bell Curve

By

New York Real Estate Appraiser Jonathan Miller of Miller Samuel and the Matrix developed the following charts to show how the spring market may be more important to the annual housing market cycle.

manhattan_Bell_Curve_Chart

After plotting the sales market for each quarter for the last 10 years, then plotting them on separate graphs, he shows us how each season trends throughout the decade:

  • Winter – First Quarter (Jan., Feb., Mar.) 23.2 % of all annual sales, trending lower.
  • Spring – Second Quarter (Apr. May. Jun.) 25.5% of all annual sales, trending higher.
  • Summer – Third Quarter (Jul. Aug. Sep.) 26.8% of all annual sales, trending higher.
  • Fall/Winter – Fourth Quarter (Oct. Nov. Dec) 24.5 % of all annual sales, trending lower.

Manhattan activity seems to be trending towards more activity in the spring and summer with less activity in the winter and fall.  It may suggest a window of opportunity available to sell in the spring and summer.

Inspired by Curbed NY article.

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