The Real Deal New York

Elliman ranks as Manhattan’s largest brokerage, as big firms compete for scarce listings

Inventory shortage continues; largest brokerages work to nab new condos, high-end properties
By Katherine Clarke | May 07, 2013 10:30AM

From the May issue: Against the backdrop of Manhattan’s severe inventory shortage, the borough’s largest firms are working to leverage a new crop of condos and high prices in the luxury sector.

Nearly all of Manhattan’s 12 largest firms have far fewer exclusive listings than they did at this time last year, according to The Real Deal’s annual ranking of the borough’s top residential firms, which reviewed a snapshot of data pulled from Online Residential in mid-March. At nearly all of the companies included in the ranking, the average number of listings per agent dropped year-over-year, according to TRD’s research, while the number of agents with zero listings rose at most all firms too. [more]