Since housing market trends are all about seasonality, I thought it was interesting that the Manhattan residential vacancy rate seems devoid of such patterns.

What am I missing here?

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One Response to “Manhattan Residential Vacancy Rate Isn’t Seasonal?”

  1. Chris Wang says:

    Interesting indeed — particularly the shift in the range band post-2009. However it still appears for the most part the valleys bottom in the summer months, when you expect them to.

    That said I suspect the erratic pattern has to do with the timing of new supply and cleanliness of listing data after 2009, which was the golden era for rental agents.