Contract activity — the number of signed contracts — is up 10.8% year-over-year, though still 7.2% below the monthly historical average, indicating a market performing slightly below seasonal norms.

The median sales price for a Manhattan apartment stands at $1.1 million, marking a 3.5% annual decline.

Active listings have increased 1.9% compared to last year, while pending sales rose 15.3% year-over-year.

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