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NYC Real Estate Monthly Market Update 5/1/2018

Raymond P. (Randy) Reis III

Raymond P.

Raymond P.

Sep 28 2 minutes read

NYC Real Estate Charts & Data Room

Supply

6,736 LISTINGS ON MARKET AS OF YESTERDAY

  • + 13.6%  from last month
  • + 23.5%  from last year

Pending Sales

2,928 LISTINGS IN CONTRACT AS OF YESTERDAY

  • + 15.6%  from last month
  • - 1.3% from last year

Days on Market

80 MEDIAN DAYS ON MARKET AS OF YESTERDAY

  •  - 5.9% from prior month
  •  +17.6% from one year ago

Price Per Square Foot

$1,343 MEDIAN PRICE PER SQFT AS OF FEBRUARY 2018

  •   - 2.9from prior month
  •  - 4.3% from one year ago

Monthly Contract Activity

972 CONTRACTS SIGNED IN APRIL 2018

  • - 9.1% from prior month
  • - 2.0from one year ago

Monthly New Supply

3,224 NEW LISTINGS IN APRIL 2018

  • + 60.9% from prior month
  • + 83.2%  from one year ago

Median Sale Price

$1,143,500 NOVEMBER MEDIAN SALE PRICE (FEB 2018)

  • - 1.6% from prior month
  • + 2.0 from one year ago

Volatility Index

2.3  ACTIVE-TO-PENDING RATIO AS OF YESTERDAY

  •  - 1.7% from prior month
  •  + 25.0% from one year ago

Off-Market Inventory

4,026 OFF-MARKET LISTINGS AS OF APRIL 21

  •  + 2.5%from prior month
  •  + 64.0% from one year ago

Monthly Median Listing Discount

3.6 % FEBRUARY 2018 MEDIAN DISCOUNT 

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

Monthly Absorption Rate

5.0 ABSORPTION RATE AS OF FEBRUARY

  • + 13.6% from prior month
  • + 13.6% from 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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