Do you want content like this delivered to your inbox?
Share
Share

NYC Real Estate Monthly Market Update 3/1/2018

Raymond P. (Randy) Reis III

Raymond P.

Raymond P.

Sep 28 2 minutes read

NYC Real Estate Charts & Data Room

Supply

5,434 LISTINGS ON MARKET AS OF YESTERDAY

  • + 4.4%  from last month
  • + 12.4%  from last year

Pending Sales

2,322 LISTINGS IN CONTRACT AS OF YESTERDAY

  • + 3.2%  from last month
  • - 6.4% from last year

Days on Market

79 MEDIAN DAYS ON MARKET AS OF YESTERDAY

  •  + 12.9% from prior month
  •  + 8.2% from one year ago

Price Per Square Foot

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

  •   - 0.2from prior month
  •  + 3.1% from one year ago

Monthly Contract Activity

793 CONTRACTS SIGNED IN JANUARY

  • + 26.1% from prior month
  •  - 20.3from one year ago

Monthly New Supply

1,330 NEW LISTINGS IN NOVEMBER

  • - 9.6% from prior month
  • - 7.3%  from one year ago

Median Sale Price

$1,184,700 NOVEMBER MEDIAN SALE PRICE

  • + 10.3% from prior month
  • + 11.9 from one year ago

Volatility Index

2.34  ACTIVE-TO-PENDING RATIO AS OF YESTERDAY

  •  + 1.3% from prior month
  •  + 20.0% from one year ago

Off-Market Inventory

3,861 OFF-MARKET LISTINGS AS OF FEBRUARY 19

  •  - 0.8% from prior month
  •  + 49.1% from one year ago

Monthly Median Listing Discount

3.9 % OCTOBER 2017 MEDIAN DISCOUNT DECEMBER 2017

  •  + 11.4% from prior month
  •  + 25.8from one year ago

Monthly Absorption Rate

4.0 ABSORPTION RATE AS OF DECEMBER 2017

  •  - 11.1% from prior month
  • + 17.1from 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


GET YOUR HOME’S VALUE

Custom report includes accurate and up to date information

Find out what's your home value today....

Read More

 

 

Have a question?

Schedule a 1-on-1 consultation with Randy

We use cookies to enhance your browsing experience and deliver our services. By continuing to visit this site, you agree to our use of cookies. More info