Last week was a big week for signed contracts. A great sign for the marketplace. Even if you exclude the 31 contracts signed at Madison House that were all entered in to the system at once, the 89 remaining still represents the third-highest total since the start of the COVID-19 pandemic.
Here is your weekly Reuveni in Real Time report for the week of July 13-19 2020!
The number of signed contracts for the week (including the 31 contracts signed at Madison House). This is a 173% increase from the previous week (July 6-12 2020). This is a 47% decrease from the week of March 9-15, 2020, the beginning of the COVID-19 pandemic, and a 30% decrease from the same week last year.
The total volume of sales for the week (contracts signed, not closings. Includes Madison House). This is a 42% increase from the week prior. This is a 39% decrease from the week of March 9-15 2020, and a 35% decrease from the same week last year.
The number of Condo contracts signed.
The number of Co-op contracts signed.
520 West 28th Street, #27
This was the most expensive signed contract for the week.
The number of new development contracts signed for the week. This is by far the highest weekly total since the start of the pandemic. However, even if you remove the 31 contracts signed from Madison House, the 6 remaining is still a strong showing, slightly below last week’s total (8).
The number of new listings for the week. This is a 14.5% increase from the week prior and 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 20th, 2020.