median sales price Archives - Rava Realty

Manhattan Market Pulse

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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 ...

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Manhattan Market Pulse

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Contract activity, reflected in the number of signed contracts, has seen a notable 21% increase compared to this time last year. However, it has dipped slightly, by 1.7%, when measured against the monthly historical average. In terms of pricing, the median sales price for a Manhattan apartment remains steady at $1.14 million, mirroring last year’s figures. The market has tightened a bit on the supply side, with the number of available units dropping by 3.7% compared to 2023. Despite ...

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Manhattan Market Pulse

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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 ...

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Manhattan Market Pulse

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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 ...

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The Manhattan Market Pulse: June 2024

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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 ...

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The Manhattan Market Pulse

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The contract activity, the number of signed contracts, for the last month is up 12.6% compared to a year ago, and down 12% compared to the monthly historical average.

The Median Sales Price for a Manhattan apartment is $1.15M, which is 2.9% lower than a year ago.

The supply, or the number of units on the market, is down 1.6% compared to May 2023. Meanwhile, the number of pending sales, or the number of units currently in contract, is ...

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