Manhattan Overview
In January, a total of 692 contracts were signed in Manhattan, a 7.11% decrease from December
These 692 signed contracts represented $1 6 billion in sales, a month-over-month decrease of 12 18%
Overall, new listings increased by 83 12% in January
378 signed contracts were resale coops, representing a 1 07% increase from December, with a corresponding 6 01% decrease in sales volume
Resale condo contracts totaled 189, representing a 6 44% decrease, while sales volume decreased by 18 57% from December
Single-family townhouses saw a 62 50% increase in contracts signed and experienced a 90 71% increase in dollar volume from December
AboutThe Coldwell Banker Warburg monthly trend report offers unique insights into sales performance and pricing trends in the Manhattan and Brooklyn residential markets.
In January, the market saw a 7 11% drop in contracts signed and a significant 83 12% increase in new listings The resale co-op market had a 1 07% increase in contracts signed, with average prices decreasing by 7.00% and dollar volume falling by 6.01%. Resale condos experienced a 6.44% decline in contract activity, with
Brooklyn Overview
In January, a total of 262 contracts were signed in Brooklyn, a 15 21% decrease from December
These 262 signed contracts represented $398 million in sales, a month-over-month decrease of 21 96%
New listings increased by 45.41% in January
61 signed contracts were resale coops, representing an 8.93% increase month-over-month, with a corresponding 2.09% increase in sales volume
Resale condo contracts totaled 64, representing a 23 81% decrease, while sales volume decreased by 20.21% from December.
Single-family townhouse contracts totaled 27, with a 30.45% decrease in dollar volume
AboutThe Coldwell Banker Warburg monthly trend report offers unique insights into sales performance and pricing trends in the Manhattan and Brooklyn residential markets.
Building Type
In December, the overall contracts signed decreased by 15 21%, with an average of 118 days on the market Resale co-ops saw an 8 93% increase in contracts signed and a 2.09% increase in dollar volume. Resale condos experienced a 23.81% drop in contracts signed, while the average price increased by 4.73%. There were decreases in both average price per square foot and dollar volume by 5 79% and 20 21%, respectively
(estimate)
Building Type
In new development, contracts signed dropped by 16 67% month-over-month and saw a decrease of 22 11% in dollar volume The luxury segment saw a 7.14% decrease in contracts signed but a significant 190.91% increase in new listings, representing a 177.53% increase in dollar volume. Single-family townhouses experienced a 25.00% decline in contracts signed and a 30 45% decrease in dollar volume
