Blocks & Lots

NYC Real Estate: What is Shadow Inventory?

‘Shadow inventory’ refers to condos that have been constructed and are legally available for sale by the building’s sponsor but that have not been listed publicly for sale.

For example, a new condo building with 100 units comes on the market and 10 are listed for sale. The remaining 90 units are the shadow inventory.

Marketproof New Development is the leading source for tracking NYC shadow inventory.