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NYC Real Estate Monthly Market Update 8/1/2017

Raymond P. (Randy) Reis III

Raymond P.

Raymond P.

Feb 8 3 minutes read

NYC Real Estate Charts & Data Room

Supply

5,051 LISTINGS ON MARKET AS OF YESTERDAY

  • - 7.8%  from last month
  • + 6.1%  from last year

Pending Sales

3,218 LISTINGS IN CONTRACT AS OF YESTERDAY

  • - 7.3%  from last month
  • - 13.1% from last year

Days on Market

56 MEDIAN DAYS ON MARKET AS OF YESTERDAY

  •  -  1.8% from prior month
  •  + 12% from one year ago

Price Per Square Foot

$1,373 MEDIAN PRICE PER SQFT AS OF APR 2017

  •  + 0.7% from prior month
  •  + 1.9from one year ago

Monthly Contract Activity

1014 CONTRACTS SIGNED IN JUNE

  •  - 9.1from prior month
  •  -12.5from one year ago

Monthly New Supply

1,317 NEW LISTINGS IN APRIL

  •  - 16from prior month
  •  + 4.5 from one year ago

Median Sale Price

$1,125,798 APRIL MEDIAN SALE PRICE

  •  + 1.2from prior month
  •  + 4.1 from one year ago

Monthly Sales Volume

913 FEBRUARY SALES VOLUME

  •  - 8.5from prior month
  •  - 3.8from one year ago

Volatility Index

1.6  ACTIVE-TO-PENDING RATIO AS OF YESTERDAY

  •  -  0.6% from prior month
  •  + 21.7% from one year ago

Off-Market Inventory

3,929 OFF-MARKET LISTINGS AS OF YESTERDAY

  •  + 7.6% from prior month
  •  + 36% from one year ago

Monthly Median Listing Discount

3.6 % APRIL MEDIAN DISCOUNT

  •  - 2.7from prior month
  •  + 38.5from one year ago

Monthly Absorption Rate

5.0 ABSORPTION RATE AS OF APRIL


 + 4.2from prior month

+ 19from one year ago

Sales Over the Asking Price

22.25% SOLD ABOVE ASK IN Q2

  •  + 18.4from prior quarter
  •  - 14.5from one year ago

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


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