Here is your weekly Reuveni in Real Time report for the week of July 20-26 2020!
The number of signed contracts for the week. This is a 12% decrease from the previous week (July 13-19 2020), the third-highest total since the start of the pandemic (second highest if you omit the 31 contracts that came in all at once last week at Madison House). This is a 53% decrease from the week of March 9-15, 2020, the beginning of the COVID-19 pandemic, and a 37% decrease from the same week last year.
The total volume of sales for the week (contracts signed, not closings). This is a 0.05% decrease from the week prior, nearly identical in total volume, and represents the third-highest total since the start of the pandemic. This is a 39% decrease from the week of March 9-15 2020, and a 30% 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.
641 Fifth Avenue, #46/47C
This was the most expensive contract signed for the week.
The number of new development contracts signed for the week. This is technically lower than last week’s total, however, if you remove the 31 contracts from Madison House, it equals to last week’s total.
The number of new listings for the week. This is a 10.1% decrease from the week prior but nearly triple the number of new listings that hit the market during the same week last year.
The total number of active condo, coop, and townhome listings in Manhattan today, July 27th, 2020.