supply and demand Archives - Rava Realty

The Manhattan Market Pulse: February 2024

Posted by:

The Manhattan Market Pulse: February 2024
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

English

, , , , , , , , , , , , , , ,

The Manhattan Market Pulse: January 2024

Posted by:

The Manhattan Market Pulse: January 2024

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

English

, , , , , , , , ,

The Manhattan Market Pulse: December 2023

Posted by:

The Manhattan Market Pulse: December 2023

What’s going on in the Residential Market? 

The contract activity, the number of signed contracts, for the month of November is down 5.3% compared to a year ago and also down 22% compared to the monthly historical average.

The Median Sales Price for a Manhattan apartment is $1.12M, and it’s 1% up compared to a year ago.

The supply, the number of units on the market, is down 3.4% compared to December 2022. While the number ...

Continue Reading →
0

English

, , , , , , , , ,

Manhattan Market Pulse: November 2023

Posted by:

Manhattan Market Pulse: November 2023

Here we go with the Manhattan Market Pulse, what’s going on in the Residential Market? 

The contract activity, the number of signed contracts, for the month of October is down 9.8% compared to a year ago and also down 11% compared to the historical average for the month of October. 

The Median Sales Price for a Manhattan apartment is $1.12M and it’s 2% down compared to a year ago. 

The supply, the number of units ...

Continue Reading →
0

English

, , , , , , , , ,

Manhattan Real Estate Market Pulse

Posted by:

Manhattan Real Estate Market Pulse

The monthly contract activity stood at 816 in July, basically the same amount as last year, with just three more contracts signed and down almost 10% from the 906 historical average for the month. The Median Sales Price is $1,019,000, at the moment, 3% down from last year. The supply, which is the number of units on the market, stands at 6,418, down 6.9% from a year ago. While the number of pending sales, which is the number ...

Continue Reading →
0

English

, , , , , , , ,

Are things kinda sorta looking normal again?

Posted by:

Possibly. It is accurate to say that interest rates have been gradually inching up in recent months. However, it’s easy to forget that securing a 30-year fixed mortgage at a rate as low as 2.75% was highly unusual, especially after enjoying historically low interest rates for an extended period.

Supply and demand in the real estate market are actually within normal ranges. The ...

Continue Reading →
0

English

, , , , , , , , ,