Here is your weekly Reuveni in Real Time report for the week of October 12-18 2020!
The number of signed contracts for the week. This is an 18% decrease from the previous week (October 5-11, 2020), the fourteenth consecutive week with 100+ deals, and the third-highest total since the pandemic began. This is a 46% decrease from the week of March 9-15, 2020, the beginning of the COVID-19 pandemic, and a 21% decrease from the same week last year.*
The total volume of sales for the week (contracts signed, not closings). This is a 6% increase from the week prior and represents the second-highest total since the start of the pandemic. This is a 21% decrease from the week of March 9-15 2020, and a 7% 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.
24 Leonard Street, #2
The most expensive signed contract for the week. The top four deals last week were all large condos downtown. Three of the four were in TriBeCa.
The number of new development contracts signed for the week, a 19% decrease from the week prior.*
The number of new listings for the week. This represents the second consecutive week, and only the second time in five weeks that fewer than 400 new listings have hit the market.
The total number of active condo, coop, and townhome listings in Manhattan today, October 20th, 2020.
*Note: Contract signed units at 130 William that have likely been accumulating since 2018 continue to hit the system for the first time, skewing last week’s data.