Manhattan sales continue rising with huge month over month increases in number of sales and contracts signed. Year over year sales, contracts, listed prices, and average price per square foot remain down, signaling a continued buyer’s market with an abundance of opportunity.
The Brooklyn market is strong by all measures: sales have skyrocketed month over month and year over year, prices are up, and the number of contracts signed has increased. New listings are down and total inventory has not shifted significantly, signaling continued demand for Brooklyn real estate.
The Queens market remains steady, with sales increasing month over month, prices shifting slightly downward, and inventory rising. Year over year sales are still down but trending upward since the Q2 reopening of the real estate market.
Figures in this report are based on publicly reported data from Automated City Register Information System (ACRIS) as well as proprietary data.
