Why New York Listings are on the Decline

March 31, 2020
Share this Post: 

Listings in Manhattan have significantly dropped since the stay-at-home order was officially put in place. 

Premier property portal, UrbanDigs, reported the number of contract signings and new listings has fallen greatly when compared to the same time last year, and listings have been taken off the market more often and faster since the beginning of the month than what was expected. Specifically, the portal reported an 85% decline in listings from 2019

Though the number of those staying inside because of quarantine means that more users are online than normal, portals are reporting less traffic compared to the same time last year and dwindling listings that only seem to trickle down. 

The market is struggling and as the world deals with the consequences of the novel COVID-19 virus, the numbers are expected to ebb and flow. But US consumers are resilient and though things are dipping now, online marketplaces are keeping hope that that resilience lasts these next trying days. 

March 31, 2020
Victoria has been writing about property portals and marketplace sites for Online Marketplaces for over 3 years. She is also our resident artist and is responsible for all of the infographic content on the site.

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Product Roundup 1Nov
Product Roundup: Rightmove, Zoopla, MyHome.ie, Suumo.jp, Realestate.com.kh, Graana

This week's news roundup can only start in one place, with a world-famous portal testing an AI tool on some...

Read More
Fdv Generic Skyscrapers 1
Frontier Digital Ventures Q3 2024: Strategic Review Underway, with 360 LATAM Under the Spotlight

Frontier Digital Ventures, the tri-continental marketplace operator publicly listed on the Australian Stock Exchange (ASX) has released a trading update...

Read More
Scout24 Boardroom 2
Scout 24 Financial Statement: Q3 2024 Delivers €144 Million in Revenues, Up 8.5% Year-on-Year

Scout24 SE, the owner of German real estate classifieds giant Scout24 Group, has released its financial statement for the third...

Read More
Propertygurugroupboardroom 3
PropertyGuru Hits 52-Week High Ahead of Takeover

PropertyGuru shares have hit their highest price for a year as the Group prepares for privatisation by private equity firm...

Read More

Editor's Pick