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NYC Real Estate Monthly Market Update 1/1/2018

Raymond P. (Randy) Reis III

Raymond P.

Raymond P.

Feb 8 2 minutes read

NYC Real Estate Charts & Data Room

Supply

4,610 LISTINGS ON MARKET AS OF YESTERDAY

  • - 15.7%  from last month
  • + 16.5%  from last year

Pending Sales

2,486 LISTINGS IN CONTRACT AS OF YESTERDAY

  • - 0.3%  from last month
  • + 4.8% from last year

Days on Market

67 MEDIAN DAYS ON MARKET AS OF YESTERDAY

  •  -  2.9% from prior month
  •  + 3.1% from one year ago

Price Per Square Foot

$1,382 MEDIAN PRICE PER SQFT AS OF DECEMBER 2017

  •  + 0.5% from prior month
  •   - 0.1% from one year ago

Monthly Contract Activity

699 CONTRACTS SIGNED IN DECEMBER

  •  - 17.6from prior month
  •  - 11.9from one year ago

Monthly New Supply

512 NEW LISTINGS IN DECEMBER

  • - 50.9from prior month
  • - 11.6%  from one year ago

Median Sale Price

$1,058,750 OCTOBER MEDIAN SALE PRICE

  • - 5.6% from prior month
  • + 6.0 from one year ago

Volatility Index

1.85  ACTIVE-TO-PENDING RATIO AS OF YESTERDAY

  •  + 1.1% from prior month
  •  + 10.1% from one year ago

Off-Market Inventory

4,024 OFF-MARKET LISTINGS AS OF YESTERDAY

  •  + 17.8% from prior month
  •  + 39.3% from one year ago

Monthly Median Listing Discount

3. % OCTOBER 2017 MEDIAN DISCOUNT

  •  + 3.4% from prior month
  •  + 7.1from one year ago

Monthly Absorption Rate

5 ABSORPTION RATE AS OF OCTOBER 2017

 + 12.0from prior month

+ 24.4from one year ago

Sales Over the Asking Price

23% SOLD ABOVE ASK IN Q4

  •  - 8% from prior quarter
  •  - 4.2from one year ago

    *All data generously provided courtesy of Noah Rosenblatt and Urban Digs


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