After a smoldering past few weeks, the Manhattan marketplace cooled down last week yet remained steady overall.
Here is your weekly Reuveni in Real Time report for the week of November 2-8 2020!
The number of signed contracts for the week. This is a 22% decrease from the previous week (October 26-November 1, 2020), representing the third-highest total since the pandemic began. This is a 30% decrease from the week of March 9-15, 2020, the beginning of the COVID-19 pandemic, and a 2% decrease from the same week last year.*
The total volume of sales for the week (contracts signed, not closings). This is a 32% decrease from the week prior, representing the fourth-highest total since the pandemic began. This is a 13% decrease from the week of March 9-15 2020, and a 14% decrease from the same week last year.*
The number of Condo contracts signed.
The number of Co-op contracts signed.
The number of Townhome contracts signed.
170 East End Avenue, 12C
The most expensive signed contract for the week. It’s been a month since the week’s top spot was claimed by a contract asking $10M or less.
The number of new development contracts signed for the week, a 14% decrease from the week prior.*
The number of new listings for the week. This represents the first time in nearly five months with fewer than 200 new listings hitting the market. This is a great step towards the equilibrium the marketplace so badly needs.
The total number of active condo, coop, and townhome listings in Manhattan today, November 9th, 2020.
*Note: Contract signed units at 130 William that have likely been accumulating since 2018 continue to hit the system for the first time, skewing last week’s data.
*Note: The average weekly signed contracts per month table now only compares to the first two weeks of March 2020.