Airbnb listings continue to fall in NYC
The drop in Airbnb listings in New York City has continued in October, according to a new report
According to the latest data from analytics site AirDNA, the number of Airbnb listings in New York City was down 4% last month compared to October 2022, "though many listings have changed from short-term to mid-term rentals, setting their minimum stay as 28 nights or more," the company said.
Key takeaways
- The drop is even more dramatic when focusing on short-term listings, where the minimum stay is less than 28 days. The available listings in New York City were down 34% from a year ago, while long-term listings have risen by 37 percent;
- Long-term listings now make up the vast majority of all listings in the city, suggesting many homeowners are just pivoting instead of pulling out of the market altogether;
- At the same time as listings dropped, demand for short-term rentals in the city was also down 11 percent last month compared to a year before, as guests struggled to find options to stay in the city.
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