November market data showed declines in nearly all categories, indicating a continued buyer’s market for those seeking opportunity in Manhattan. Year over year inventory is up as is month over month average price per square foot.
The Brooklyn market remains in high demand with another month of year over year increases in number of sales, median listed price, and average price per square foot. The frenzy appears to be slowing, however, with month over month decreases in number of sales and contracts signed.
The Queens market remains strong with year over year and month over month increases in number of sales and median listed prices. While year over year new listings and inventory are up, month over month numbers declined.
Figures in this report are based on publicly reported data from Automated City Register Information System (ACRIS) as well as proprietary data.