The contract activity in Manhattan increased by 3.4% year over year, with 1,036 contracts signed. The median sale price rose to $1.25M, marking a 4.5% annual increase. Listing inventory totaled 7,338, just -1.4% from last year, while pending sales rose by 25.5% year over year, with 3,376 listings in contract. The Market Pulse (pending-to-active ratio) is 0.46, suggesting a neutral market.

Currently, above 0.5 is considered favorable to the seller, and below 0.3 is favorable to the buyer.

Luxury Segment

During the week ending June 15th, a total of 37 contracts were signed for units priced ...