It’s time to share my Three Cents Worth on Curbed, at the intersection of neighborhood and real estate.
Three Cents Worth:
Examining Manhattan’s Real Estate Agent Oversupply
It has been a few years since I looked at the relationship between the number of licensed real estate agents/brokers and the number of residential sales (co-op, condo, 1-3 family houses) that occur in each market. This week I looked at broker/agent tallies in four markets in the NYC metro area and compared them against the corresponding number of residential sales in 2009. Of course this does not consider that licensed agents may only sell commercial property, but the idea was to establish some sort of relationship between licensees and transactions.
Check out previous Three Cents Worth posts.