Some 421 contracts were signed across the city in August, up 109% from a year ago and 88% more than August 2019, according to a monthly analysis of new development sales contracts by Marketproof, a real estate analytics company.

Notably, the new development condominium market grew last month while the resale market had a month-over-month decline. Although 533 resale contracts were signed, which outnumbered August’s new developments condo contracts, that marked a –7% decline compared with July for the resale market. For new development condos, August’s activity was up 16% from July’s.

(source: therealdeal.com image: 130william.com)