While new listings continue to hit the market at a blistering pace, for the first time in several weeks new signed contracts are also picking up.
Here is your weekly Reuveni in Real Time report for the week of July 6-12 2020!
The number of signed contracts for the week. This is a 33% increase from the previous week (June 29-July 5 2020). This is an 80% decrease from the week of March 9-15, 2020, the beginning of the COVID-19 pandemic, and a 77% decrease from the same week last year.
The total volume of sales for the week (contracts signed, not closings). This is an 85% increase from the week prior. This is a 57% decrease from the week of March 9-15 2020, and a 52% 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.
78 Morton Street
This was the most expensive signed contract for the week. This is the most expensive signed contract on a single-family townhouse so far in 2020. Also, last week’s three signed contracts on single-family townhouses are the most since the start of the pandemic.
The number of new development contracts signed for the week. This is a significant increase from the week prior (3).
The number of new listings for the week. This marks the highest weekly total so far in 2020 and is significantly higher than this time last year.
The total number of active condo, coop, and townhome listings in Manhattan today, July 13th, 2020.