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NYC Real Estate Monthly Market Update 12/1/2017

Raymond P. (Randy) Reis III

Raymond P.

Raymond P.

Feb 8 2 minutes read

NYC Real Estate Charts & Data Room

Supply

4,686 LISTINGS ON MARKET AS OF YESTERDAY

  • - 20.6%  from last month
  • - 3.5%  from last year

Pending Sales

2,603 LISTINGS IN CONTRACT AS OF YESTERDAY

  • + 9.3%  from last month
  • + 8.7% from last year

Days on Market

68 MEDIAN DAYS ON MARKET AS OF YESTERDAY

  •  +  0.0% from prior month
  •  + 6.3% from one year ago

Price Per Square Foot

$1,378 MEDIAN PRICE PER SQFT AS OF SEPTEMBER 2017

  •  + 0.7% from prior month
  •  + 2.5from one year ago

Monthly Contract Activity

849 CONTRACTS SIGNED IN NOVEMBER

  •  - 8.3% from prior month
  •  + 5.6% from one year ago

Monthly New Supply

1,015 NEW LISTINGS IN October 

  •  - 36.0from prior month
  •  + 16.9 from one year ago

Median Sale Price

$1,127,500 SEPTEMBER MEDIAN SALE PRICE

  •  - 4.0from prior month
  •  + 12.8 from one year ago

Volatility Index

1.8  ACTIVE-TO-PENDING RATIO AS OF YESTERDAY

  •  -  27.4% from prior month
  •  -  11.3% from one year ago

Off-Market Inventory

3,454 OFF-MARKET LISTINGS AS OF YESTERDAY

  •  + 5.0% from prior month
  •  + 33.9% from one year ago

Monthly Median Listing Discount

2.9 % SEPTEMBER MEDIAN DISCOUNT

  •  + 7.4% from prior month
  •  + 11.5from one year ago

Monthly Absorption Rate

5 ABSORPTION RATE AS OF SEPTEMBER

+ 8.7% from prior month

+ 19.0from one year ago

Sales Over the Asking Price

25% SOLD ABOVE ASK IN Q3

  •  -  3.8% from prior quarter
  •  - 10.7from one year ago

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


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