Absorption of Manhattan housing ebbs

The absorption rate for Manhattan housing has slowed. The number of months it would take to sell all available apartments in the borough at the current pace of sales increased in the fourth quarter of 2005 to 11.4 months — a 31 percent increase over the third quarter’s figure of 8.7 months and more than double the 5.4 months during the same quarter in 2004. more [Crain’s via Matrix]