Manhattan Overview
In April, a total of 1,022 contracts were signed in Manhattan, a 3.13% decrease from March but a 13.05% increase from this time last year These contracts represented approximately $2.09 billion in sales, reflecting a 13.09% decline month-over-month.
Resale co-ops accounted for 553 signed contracts, marking a 1.65% increase from March and a 16 67% rise year-over-year However, the dollar volume dipped slightly by 0.79% from the previous month.
Resale condos saw 306 contracts signed, a modest 0.33% decrease from March but a significant 20 95% increase year-over-year The dollar volume also rose sharply, up 30.10% compared to April 2024.
Single-family townhouses experienced a 33.33% increase in contracts signed both month-over-month and year-over-year Correspondingly, the dollar volume climbed 29.30% year-over-year.
AboutThe Coldwell Banker Warburg monthly trend report offers unique insights into sales performance and pricing trends in the Manhattan and Brooklyn residential markets for the prior month
1,022
$2.1B
553
$799M
$760M
In April, the Manhattan market showed signs of cooling, with overall contracts down 3 13%, new listings falling 9 45%, and average prices dropping 13 09% Resale co-ops bucked the trend slightly with a 1 65% rise in contracts and a small increase in dollar volume Resale condos remained stable in contracts but saw over 10% drops in both average price and dollar volume New development experienced a sharp 23 57% drop in contracts signed, with a 46 48% decrease in dollar volume The luxury market contracted significantly down in April at 18 79% and 29 79% down in dollar volume In contrast, single-family homes saw strong demand, with contracts up 33 33% and dollar volume rising 25 82% from March
New Development
Luxury (4M+)
Brooklyn Overview
In April, a total of 375 contracts were signed, reflecting a 1 63% increase from March, but a 0.53% decrease compared to the same time last year These contracts represented approximately $597 million in sales, marking a 6.31% month-over-month increase.
Resale co-ops accounted for 121 signed contracts, a 26 04% increase from March and an 11.01% rise year-over-year. The dollar volume surged by 39 71% compared to the previous month
Resale condos saw 101 contracts signed, representing a 13 48% month-over-month increase, with no change year-over-year. The dollar volume also rose by 10 90% from March
Single-family townhouses experienced a 4 17% decline in contracts signed compared to March and a 25.81% drop year-over-year. However, the dollar volume increased by 28 44% month-over-month
About
The Coldwell Banker Warburg monthly trend report offers unique insights into sales performance and pricing trends in the Manhattan and Brooklyn residential markets for the prior month
Building Type
Overall, the market showed modest growth, with contracts signed up 1 63% and dollar volume rising 6 31% Resale co-ops led the surge with a 26 04% jump in contracts and an 10 85% average price increase Resale condos also saw contract increase at 13 48% but faced a slight price dip at 2 28% New development experienced a steep 36 44% drop in contracts signed and a 32 49% fall in dollar volume The luxury segment thrived, with contracts up 28 57% and the average price nearing $5 84M Meanwhile, single-family homes saw fewer contracts signed at 4 17% but a striking 34 02% average price increase
New Development
Luxury (4M+)
Single-Family Townhouse
