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NYC Real Estate Monthly Market Update 5/1/2017

Raymond P. (Randy) Reis III

Raymond P...

Raymond P...

Feb 8 3 minutes read

NYC Real Estate Charts & Data Room

Supply

5,384 LISTINGS ON MARKET AS OF YESTERDAY

  • + 8.1% from last month
  • + 7.1% from last year

Pending Sales

3,474 LISTINGS IN CONTRACT AS OF YESTERDAY

  • + 9.9% from last month
  • + 4.6% from last year

Days on Market

72 MEDIAN DAYS ON MARKET AS OF YESTERDAY

  •  -  6.5% from prior month
  •  + 22% from one year ago

Price Per Square Foot

1,367 MEDIAN PRICE PER SFT AS OF FEBRUARY

  •  + 0.1% from prior month
  •  + 1.4from one year ago

Monthly Contract Activity

968 CONTRACTS SIGNED IN APRIL

  •  -13.6from prior month
  •  -12.9from one year ago

Monthly New Supply

1,261 NEW LISTINGS IN APRIL

  •  - 3.2from prior month
  •  - 3.8from one year ago

Median Sale Price

1,117,978 FEBRUARY MEDIAN SALE PRICE

  •  + 0.3from prior month
  •  - 3.6from one year ago

Monthly Sales Volume

877 FEBRUARY SALES VOLUME

  •  - 12.4from prior month
  •  - 11.5from one year ago

Volatility Index

1.55 ACTIVE-TO-PENDING RATIO AS OF YESTERDAY

  •  -1.9from prior month
  •  + 2from one year ago

Off-Market Inventory

3,370 OFF-MARKET LISTINGS AS OF YESTERDAY

  •  + 1.8from prior month
  •  + 31.1from one year ago

Monthly Median Listing Discount

3.40 % FEBRUARY MEDIAN DISCOUNT

  •  + 0from prior month
  •  + 61.9from one year ago

Monthly Absorption Rate

4.50 ABSORPTION RATE AS OF FEBRUARY

  •  + 15.4from prior month
  •  + 25from one year ago

Sales Over the Asking Price

18.90% SOLD ABOVE ASK IN Q1

  •  - 10.7% from prior quarter
  •  - 27.7from one year ago

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


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