StreetEasy Market Reports

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Summary of findings

• StreetEasy Manhattan Condo Market Index shows that the Manhattan condo market in March had a 0.8% increase from a year ago.
• Overall, contract volume jumped 11.8% this month, compared to one year ago. The Downtown market had the biggest increase in contract activity with 22.1% more contracts than the prior year.
• Inventory has continued to tighten across all major markets, by 7.4% overall since last year. Upper Manhattan inventory shrank the most with a 15.6% decrease.
• Listing median price went up 6.4% in Manhattan compared to a year ago. Downtown listing median price had the biggest increase with 8.2% since last year while Upper Manhattan price declined by 2.1%.
• Compared to the prior March, 18.5% more starter apartments (studios & 1BRs) went into contract this month than the prior year while family-sized apartment contracts went up by 6.5%.

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Archives

All links are PDF files.

Manhattan

• Median listing price in Manhattan increased by 7.4% since six months ago and by 10.1% since a year ago.
• Overall inventory has declined by 12.4% change since the prior year.
• With 21% more contracts signed compared to a year ago, the number of months’ supply is now at 6.7, compared to the prior year, with 8.1 months.

Brooklyn & Queens

• In Brooklyn, contracts have increased 10.2% since a year ago and 22.7% since six months ago. Inventory has declined 27.5% since a year ago and 21.9% since six months ago.
• In Queens, inventory declined by 15% since six months ago and by 8.3% since a year ago. The number of price increases also went up by 37.5% since a year ago while price cuts declined by 19.2% in the same period.

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