Manhattan Luxury Market Reality Check - Jan 2021 - Rava Realty

Manhattan Luxury Market Reality Check – Jan 2021

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There were 38 closing at $4 million and above in January 2021, 45 lessthan the previous month. The Average Closing Price was $8,493,335 down -4% from the previous month, meanwhile the Median Closing Price was $5,770,000 down -16% from the previous month, the Negotiability Factor, that is the average discount from the last asking price, was 14.23% up from 10.76% the previous month. The pace of the market was practicallyunchanged from the previous month, since the Average Days On Market were 257 compared to 254 for the properties that closed in December 2020.

If you want to take a peek at all luxury closings and our statistics you can click HERE.

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