Reuveni in Real Time

February 15th, 2021

Here is your weekly Reuveni in Real Time report for the week of February 8-14, 2021


260
The number of signed contracts for the week. This is a 15% increase from the previous week (February 1-7 2021), the most since the week of September 9th, 2019. This is a 16% increase from the week of March 9-15, 2020, the last normal week prior to the COVID-19 pandemic, and a 26% increase from the same week in 2020.


$591,183,326

The total volume of sales for the week (contracts signed, not closings). This is a 27% increase from the week prior, also the most since the week of September 9th, 2019. This is a 78% increase from the week of March 9-15 2020 and a 54% increase from the same week in 2020.




126

The number of Condo contracts signed.

130

The number of Co-op contracts signed.

4

The number of Townhome contracts signed.


$29,500,000
215 East 19th St, Tower PH

The most expensive signed contract for the week.


42
The number of new development contracts signed for the week. This is a significant uptick from the two previous weeks: 18 and 28, respectively.


243
The number of new listings for the week. This represents the sixth consecutive week with more than 200 new listings hitting the market.


8,483

The total number of active condo, coop, and townhome listings in Manhattan on Monday, February 15th, 2021. This is yet another indication that inventory may be stabilizing, with positive absorption setting an optimistic tone as we enter the early spring market.