The Increasing Post-Labor Day Uptick In Inventory

The past two years have featured an increasing trend of more sales listings in Manhattan being listed in the week following Labor Day than in the previous years. Reasons for this include an increasing trend of sellers pulling their apartments off the market during the summer and then re-listing them right after Labor Day. In addition, more sellers are waiting until after the holiday to post.  The past two years have featured an increase in inventory in the week after the holiday, which was significantly up from the preceding five years.  At some point though, you have to wonder when this trend has gone too far and whether an owner will benefit from listing later in September.