Manhattan’s real estate market saw continued strength despite a seasonal decline in demand, with month over month contracts up, inventory down, and increased price per square foot. Listed price and number of sales were down compared with July, even as year over year sales were up 200% compared with August of 2020.

Brooklyn’s real estate market saw an increase in sales and a decrease in contracts signed during the month of August. Prices remain down compared with August 2020 while average price per square foot was up month over month.

Demand in the Queens real estate market continued during the month of August with a month over month and year over year increase in number of sales. Listed price was up year over year and down month over month, and new listings were down compared with both July 2021 and August 2020.

Figures in this report are based on publicly reported data from Automated City Register Information System (ACRIS) as well as proprietary data.