Manhattan’s July real estate market saw month over month increases in closed sales alongside fewer contracts signed, likely caused by a seasonal market slowdown. Price points saw a month over month uptick and a year over year decrease.
Brooklyn’s July real estate market saw large year over year and month over month increases in closed sales, a decrease in contracts signed compared with June, and a decrease in year over year and month over month price points.
The Queens real estate market in July experienced a month over month decrease in sales volume, median listed price, and total inventory. Year over year price points were slightly up while closed sales remained up substantially year over year.
Figures in this report are based on publicly reported data from Automated City Register Information System (ACRIS) as well as proprietary data.