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Contract activity is up 5.3% year over year, 13% above the monthly historical average, and an impressive 38.9% higher than last month.
The median sales price for a Manhattan apartment is $1.11M, down 3% from last year.
The supply, or the number of units available on the market, has decreased by 0.5% year over year.
Meanwhile, pending sales (units under contract) have risen by 7.5%
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21
NOV
2025
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Contract activity, or the number of signed contracts, is down 3.7% from last year and 9.7% from the monthly historical average. The median sales price for a Manhattan apartment is $1.19M, reflecting a 16.4% increase compared to a year ago. The supply, or the number of units available on the market, has decreased by 0.6% annually. Meanwhile, the number of pending sales in Manhattan has risen 14.3% year-over-year. The Market Pulse, which represents the pending-to-active ratio, stands at ...
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Contract activity (or the number of signed contracts) is practically the same as a year ago, down just 1%, while it is down 7.6% from the monthly historical average. The median sales price for a Manhattan apartment is $1.15M, which is up 2.4% compared to a year ago. The supply, or the number of units on the market, is down 5.4% year over year (YoY). Meanwhile, the number of pending sales in Manhattan is 15% higher YoY. The Market Pulse, or pending-to-active ratio, stands at 0.48, confirming a neutral market.
*Currently, above 0.5 is ...
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Currently, the Fed has maintained its benchmark interest rate at a 23-year high to combat inflation, resulting in elevated mortgage rates. This has deterred many potential buyers, especially those with limited funds. Meanwhile, existing sellers, benefiting from historically low mortgage rates of around 3 percent, have been reluctant to enter the market, fearing higher rates upon purchasing a new property.
A rate cut by the Fed could theoretically prompt more sellers to list their apartments. However, such a move might not substantially alter the landscape for buyers. Lower ...
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