Contract activity reached 831 signed contracts in February, increasing 17.2% from the previous month but remaining 3.5% below last year’s level. The median sale price climbed to $1.28M, representing a 7.6% increase year over year. Manhattan supply currently stands at 5,682 listings on the market, a 9.6% decline compared to the same time last year. Pending sales total 2,921 units, up 4.7% year over year. Based on the ratio between pending sales and supply, the  Continue Reading →