July numbers showed significant changes in market activity due to Phase Two’s real estate reopening on June 22. Across New York City, new listings and sales increased dramatically month over month while sales remained down year over year, as expected.

July’s Manhattan market saw significant month over month increases in number of contracts, new listings, sales, and total inventory. Year over year numbers remain down across sales, contracts signed, price per square foot, and inventory.

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From June to July there was a large increase in the number of signed contracts as well as significant year over year and month over month increases in number of new Brooklyn listings. Average price per square foot and median list price were also up. Year over year figures remain down among number of sales and contracts signed.

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Queens saw increases in numbers of sales, new listings, and overall inventory. Year over year sales remained down, however median prices increased during the same time period.

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