May’s Manhattan real estate numbers showed huge increases in month over month and year over year contracts signed and closed sales. Median listed price and average price per square foot remained down year over year while new listings and total inventory remained up.
The Brooklyn real estate market remained strong in May with notable month over month and year over year increases in number of sales and contracts signed. Median listed prices were down year over year while average price per square foot remained flat. New listings and overall inventory also saw notable month over month increases.
The Queens real estate market saw a notable dip in month over month sales along with a large year over year increase in sales, as was expected due to the pandemic’s impact on the market in May 2020. Median listed prices, new listings, and total inventory were all up month over month and 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.