The number of available units for sale in Manhattan tumbled 14% at the beginning of September, contributing to a 23% drop in months’ supply to 4.7-months. The months’ supply for condos declined 22% to 5.2 months, while co-ops, at 4.4-months, decreased 24%. The West Side remained the tightest market with a 3.6-month supply of apartments for sale.
