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NYC Real Estate Monthly Market Update 8/1/2018

Raymond P. (Randy) Reis III

Raymond P.

Raymond P.

Sep 28 2 minutes read

NYC Real Estate Charts & Data Room

Supply

6,096 LISTINGS ON MARKET AS OF YESTERDAY

  • - 10.0%  from last month
  • + 17.4%  from last year

Pending Sales

3,055 LISTINGS IN CONTRACT AS OF YESTERDAY

  • + 1.2%  from last month
  • + 11.2% from last year

Days on Market

61 MEDIAN DAYS ON MARKET AS OF YESTERDAY

  •  - 3.2% from prior month
  •  +10.9% from one year ago

Price Per Square Foot

$1,373 MEDIAN PRICE PER SQFT AS OF MAY 2018

  •  -1.6% from prior month
  •  - 4.3% from one year ago

Monthly Contract Activity

797 CONTRACTS SIGNED IN JULY 2018

  • - 17.2 % from prior month
  • + 4.6% from one year ago

Monthly New Supply

1,870 NEW LISTINGS IN JULY 2018

  • - 20.2% from last month 
  • + 99.7%  from one year ago

Median Sale Price

$1,140,000 MARCH MEDIAN SALE PRICE MAY 2018

  • - 0.7% from last month
  • - 4.6%  from one year ago

Volatility Index

2.0  ACTIVE-TO-PENDING RATIO AS OF YESTERDAY

  •  - 10.7% from last month
  •  + 7.5% from one year ago

Off-Market Inventory

4,220 OFF-MARKET LISTINGS 

  •  + 8.4from prior month
  •  + 55.7% from one year ago

Monthly Median Listing Discount

4.4 % MAY 2018 MEDIAN DISCOUNT 

  •  -10.2% from prior month
  •  + 29.4% from last year

Monthly Absorption Rate

6.4 ABSORPTION RATE AS OF MAY

  • + 10.3% from prior month
  • + 20.8% from one year ago

Sales Over the Asking Price

20% SOLD ABOVE ASK IN Q2

  •  - 4.8% from prior month
  •  - 23.1% from one year ago

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


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