Reuveni in Real Time: January 25th, 2021

January 25, 2021

After a tremendous start to the new year, the Manhattan marketplace cooled down last week.

Here is your weekly Reuveni in Real Time report for the week of January 18-24, 2021


131
The number of signed contracts for the week. This is a 35% decrease from the previous week (January 11-17, 2021). This is a 42% decrease from the week of March 9-15, 2020, the last normal week prior to the COVID-19 pandemic, and an 11% decrease from the same week in 2020.


$288,693,249

The total volume of sales for the week (contracts signed, not closings). This is a 33% decrease from the week prior. This is a 13% decrease from the week of March 9-15 2020 and a 13% increase from the same week in 2020.




49

The number of Condo contracts signed.

80

The number of Co-op contracts signed.

2

The number of Townhome contracts signed.


$19,950,000
37 East 12th Street, PH

The most expensive signed contract for the week. After nearly six years on the market, this one of a kind Greenwich Village PH has found a buyer.


16
The number of new development contracts signed for the week. This is below last week’s impressive total of 27.


-5.8%

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


203
The number of new listings for the week. This represents the third consecutive week with more than 200 new listings hitting the market.


8,720

The total number of active condo, coop, and townhome listings in Manhattan today, January 25th, 2021. This number is almost exactly the same as last week’s total, an indication that inventory may be stabilizing.