Contract activity (or the number of signed contracts) is up 3.8% from a year ago and down 1.5% from the monthly historical average. The Median Sales Price for a Manhattan apartment is $1.14M, which is 1.5% less than the same period last year.The supply, or the number of units on the market, is down 2.6% compared to 2023. Meanwhile, the number of pending sales, or the number of units currently in contract, is 8% higher than a year ago.
The Market Pulse, or pending-to-active ratio, stands at 0.43, confirming a ...