Here is your weekly Reuveni in Real Time report for the week of May 25-31 2020!
The number of contracts signed for the week. This is an 88% decrease from the week of March 9-15th 2020, the beginning of the COVID-19 pandemic and an 86% decrease from the same week last year (May 27th-June 3rd 2019).
The total volume of sales for the week (contracts signed, not closings). This is an 83% decrease from the week of March 9-15 ($332,777,599) and
an 87% decrease from the same week last year ($461,364,000).
The number of Condo contracts signed.
The number of Co-op contracts signed.
The number of Townhome contracts signed.
1100 Park Avenue
This was the most expensive signed contract for the week. Interestingly enough, 4 out of the 5 most expensive contracts signed (including 1100 Park Avenue) were Coops, the first time all year.
The number of new development contracts signed for the week. It is 2 contracts less than the week prior.
The number of new listings for the week. This is a 16% increase from the previous week (99). The number of new listings has increased for five consecutive weeks and marks the highest weekly total since the week of March 16th 2020.
The total number of active condo, coop and townhome listings in Manhattan today, June 1st 2020.