Reuveni in Real Time: August 10th, 2020

August 10, 2020

Here is your weekly Reuveni in Real Time report for the week of August 3-9 2020!


103
The number of signed contracts for the week. This is a 3% increase from the previous week (July 27 – August 2 2020), the fourth-consecutive week with 100+ deals. This is a 54% decrease from the week of March 9-15, 2020, the beginning of the COVID-19 pandemic, and a 42% decrease from the same week last year.


$148,706,000

The total volume of sales for the week (contracts signed, not closings). This is a 4% increase from the week prior. This is a 55% decrease from the week of March 9-15 2020, and a 43% decrease from the same week last year.




46

The number of Condo contracts signed.

56

The number of Co-op contracts signed.

1

The number of Townhome contracts signed.


$8,900,000

307 East 10th Street

This was the most expensive contract signed for the week. Despite the recent success, it’s worth noting two of the past four weeks have not had a signed contract above $10 million.


6
The number of new development contracts signed for the week. This is just 1 contract lower than the previous week.


375
The number of new listings for the week. This is more than twice the number of new listings that hit the market during the same week last year. However, the good news is that the rate of new listings coming online seems to be decelerating from July’s all-time highs.


8,937
The total number of active condo, coop, and townhome listings in Manhattan today, August 10th, 2020.