This one, from the Walkthru Blog, slipped through:
Bleak Open Houses
Another indication that the New York City housing market is slowing can be found in a report on open houses released yesterday by the Manhattan brokerage firm Barak Realty.
The company analyzed and charted average attendance at Sunday open houses from Jan. 15 through March 12 and found that attendance had declined 13.7 percent from Feb. 19 through March 12, compared with the previous four-week period.
Barak Realty Open House Report
During the 1st quarter, average open house attendance for most recent four weeks (2/19 – 3/12/2006) was 13.7% lower than previous four weeks (1/15 – 2/5/2006.) As yet another sign of the slowing market, apartments are staying on the market for longer periods, and buyers are shopping with lower intensity.
Take the report with a grain of salt as almost no information was given on sample set size, areas and price ranges covered, etc. Unfortunately, I don’t believe any local realtors are doing anything similar, if so that data has not been made public.