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 ...