luxury segment Archives - Rava Realty

Manhattan Market Pulse

Posted by:

As with Election Day uncertainties behind, Americans show renewed confidence in the economy. The University of Michigan’s Consumer Sentiment Index hit a seven-month high. At the same time, the expectations index, measuring economic optimism for the next six months, surged to its best reading since July 2021. This upbeat mood extends to New York City’s real estate market. During the first full week of November 2024, Manhattan saw a 28% spike in contract signings compared to the previous week, making it one of ...

Continue Reading →
0

Manhattan Market Pulse

Posted by:

The contract activity, or the number of signed contracts, for June is down 4.2% compared to a year ago and 10% compared to the monthly historical average.

The Median Sales Price for a Manhattan apartment is $1.22M, which is basically the same number as a year ago.

The supply, or the number of units on the market, is down 1.1% compared to July 2023. Meanwhile, the number of pending sales, or the number of units currently in contract, is 19% higher than a year ago.

The Market Pulse, or pending-to-active ...

Continue Reading →
0

The Manhattan Market Pulse: June 2024

Posted by:

The contract activity, or the number of signed contracts, for the last month is down 13.4% compared to a year ago and 10% compared to the monthly historical average. 

The Median Sales Price for a Manhattan apartment is $1.21M, which is 1.2% lower than a year ago.

The supply, or the number of units on the market, is down 0.8% compared to June 2023. Meanwhile, the number of pending sales, or the number of units currently ...

Continue Reading →
0

Manhattan Market Pulse: March 2024

Posted by:

The contract activity, the number of signed contracts, for the month of February is up 8.6% compared to a year ago and down 5.7% compared to the monthly historical average.

The Median Sales Price for a Manhattan apartment is $1.04M, which is 1.2% lower than a year ago.

The supply, or the number of units on the market, is down 3.3% compared to March 2023. Meanwhile, the number of pending sales, or the number of units currently in contract, is 21.6% higher ...

Continue Reading →
0

The Manhattan Market Pulse: February 2024

Posted by:

The Contract Activity, the number of signed contracts, for the month of January is up 19.4% compared to a year ago and down 6% compared to the monthly historical average.

The Median Sales Price for a Manhattan apartment is $1.13M, which is 5.3% higher than a year ago.

The Supply, the number of units on the market, is down 4.3% compared to the same period of February 2023. Meanwhile, the number of Pending Sales, or the number of units currently in contract, is 43% higher than a year ago.

Continue Reading →

0

The Manhattan Market Pulse: January 2024

Posted by:

What’s going on in the Residential Market? 

The contract activity, the number of signed contracts, for the month of December is down 4.9% compared to a year ago and also down 18% compared to the monthly historical average.

The Median Sales Price for a Manhattan apartment is $1.16M, and it’s 3.2% up compared to a year ago.

The supply, the number of units on the market, is down 2.9% compared to the same period of January ...

Continue Reading →
0
Page 1 of 3 123