Weekly Market Update

Weekly Market Update for Manhattan and Brooklyn – April 25, 2023

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In Manhattan, 555 new listings entered the market last week, up 29% from the previous week and the highest number of new listings in one week in 2023.

255 contracts were signed last week – UP a whopping 80% from the previous week and in line with where we’re used to seeing contract volume this time of year.

32 Manhattan contracts were signed at $4M and above, six more than the previous week. Condos outsold co-ops 24-6, with one condop and one townhouse in the mix.

Noteworthy new contracts last week were #5H at 443 Greenwich Street, asking $15.9M, and the penthouse at 190 Riverside Drive, asking $15M.

In Brooklyn, 261 new listings entered the market last week, up 33% from the previous week and the highest number of new active listings in Brooklyn in one week so far in 2023

175 Brooklyn listings entered contract last week, which is 70% higher than the previous week and the highest number of new contracts signed in Brooklyn in one week so far in 2023.

Average OH attendance in Brooklyn decreased 25% this weekend to 5.16 per open house, from 6.92 per open house the weekend prior. 

Open house attendance throughout NYC this past weekend decreased by 25% from the previous weekend, with an average of 2.84 parties per open house.

 

Data for this report is deemed reliable at the time of collection, but is not guaranteed accurate. Data points were collected from reporting from Compass agent and analysis and conclusions are subject to errors, omissions and revisions.

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