Reuveni in Real Time: January 18th, 2021

January 19, 2021

Just when you thought the 2021 Manhattan marketplace couldn’t get any better…

Here is your weekly Reuveni in Real Time report for the week of January 11-17, 2021


201
The number of signed contracts for the week. This is a 14% increase from the previous week (January 4-10, 2021) and marks the second-highest total since the pandemic began. This is an 11% decrease from the week of March 9-15, 2020, the last normal week prior to the COVID-19 pandemic, and a 37% increase from the same week in 2020.


$431,207,899

The total volume of sales for the week (contracts signed, not closings). This is a 28% increase from the week prior and marks the highest total volume since the pandemic began. This is a 30% increase from the week of March 9-15 2020 and a 52% increase from the same week in 2020.




90

The number of Condo contracts signed.

109

The number of Co-op contracts signed.

2

The number of Townhome contracts signed.


$32,500,000
109 East 79th Street, PH18

The most expensive signed contract for the week.


27
The number of new development contracts signed for the week. This is above the previous week’s total (19) and marks the fourth highest since the pandemic began.


-7.1%

The average percentage off the last asking price for this week’s signed contracts.


212
The number of new listings for the week. This represents the second consecutive week with more than 200 new listings hitting the market.


8,721

The total number of active condo, coop, and townhome listings in Manhattan today, January 18th, 2021.