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New York

Taking NYC’s pulse: A ‘real-time’ look at how Manhattan nabes are performing

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From the April issue: Charting a neighborhood’s recovery since the crash is one thing, given the availability of historical data on sales and pricing. But what about taking the pulse of a neighborhood in real time? Or predicting the future of a neighborhood’s sales market? That’s far trickier. But with help from real estate analytics and consulting firm Urban Digs, The Real Deal did just that, gathering data on inventory and pending sales for Manhattan co-ops, condos and townhouses from 16 different Manhattan neighborhoods. (“Pending sales” are the number of homes in contract at any given time, not the number of new contracts signed during a set period.) [more]