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NYC Real Estate Monthly Market Update 2/1/2018

Raymond P. (Randy) Reis III

Raymond P.

Raymond P.

Feb 8 2 minutes read

NYC Real Estate Charts & Data Room

Supply

5,235 LISTINGS ON MARKET AS OF YESTERDAY

  • + 13.5%  from last month
  • + 16.5%  from last year

Pending Sales

2,306 LISTINGS IN CONTRACT AS OF YESTERDAY

  • - 2.8%  from last month
  • - 2.8% from last year

Days on Market

71 MEDIAN DAYS ON MARKET AS OF YESTERDAY

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

Price Per Square Foot

$1,389 MEDIAN PRICE PER SQFT AS OF NOVEMBER 2017

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

Monthly Contract Activity

628 CONTRACTS SIGNED IN JANUARY

  •  - from prior month
  •  - 10.2from one year ago

Monthly New Supply

1,265 NEW LISTINGS IN NOVEMBER

  • + 1.8% from prior month
  • + 6.3%  from one year ago

Median Sale Price

$1,077,426 NOVEMBER MEDIAN SALE PRICE

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

Volatility Index

2.27  ACTIVE-TO-PENDING RATIO AS OF YESTERDAY

  •  + 16.4% from prior month
  •  + 16.4% from one year ago

Off-Market Inventory

3,861 OFF-MARKET LISTINGS AS OF JANUARY 23

  •  - 3.0% from prior month
  •  - 4.1% from one year ago

Monthly Median Listing Discount

3.4 % OCTOBER 2017 MEDIAN DISCOUNT NOVEMBER 2017

  •  + 13.3% from prior month
  •  + 17.2from one year ago

Monthly Absorption Rate

5.4 ABSORPTION RATE AS OF NOVEMBER 2017

  •  - 3.6% from prior month
  • + 17.4from 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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