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NYC Real Estate Monthly Market Update 4/1/2018

Raymond P. (Randy) Reis III

Raymond P.

Raymond P.

Sep 28 2 minutes read

NYC Real Estate Charts & Data Room

Supply

5,868 LISTINGS ON MARKET AS OF YESTERDAY

  • + 7.1%  from last month
  • + 16.9%  from last year

Pending Sales

2,624 LISTINGS IN CONTRACT AS OF YESTERDAY

  • + 16.2%  from last month
  • - 4.8% from last year

Days on Market

85 MEDIAN DAYS ON MARKET AS OF YESTERDAY

  •  + 7.6% from prior month
  •  + 13.3% from one year ago

Price Per Square Foot

$1,369 MEDIAN PRICE PER SQFT AS OF JANUARY 2018

  •   - 0.0from prior month
  •  - 2.4% from one year ago

Monthly Contract Activity

1,067 CONTRACTS SIGNED IN MARCH 2018

  • + 34.4% from prior month
  •  - 2.3from one year ago

Monthly New Supply

2,003 NEW LISTINGS IN MARCH 2018

  • + 50.5% from prior month
  • + 16.5%%  from one year ago

Median Sale Price

$1,162,500 NOVEMBER MEDIAN SALE PRICE (JAN 2018)

  • - 0% from prior month
  • + 1.9 from one year ago

Volatility Index

2.24  ACTIVE-TO-PENDING RATIO AS OF YESTERDAY

  •  - 7.8% from prior month
  •  + 23.1% from one year ago

Off-Market Inventory

3,919 OFF-MARKET LISTINGS AS OF MARCH 23

  •  + 0.3%from prior month
  •  + 55.5% from one year ago

Monthly Median Listing Discount

3.6 % JANUARY 2018 MEDIAN DISCOUNT 

  •  - 0.0% from prior month
  •  + 5.9from last year

Monthly Absorption Rate

4.4 ABSORPTION RATE AS OF JANUARY 4

  •  - 0.0% from prior month
  • + 15.8from one year ago

Sales Over the Asking Price

21% SOLD ABOVE ASK IN Q1

  •  - 8.7% from prior quarter
  •  - 8.7% from one year ago

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


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