Manhattan Overview
In May, a total of 1,011 contracts were signed in Manhattan, representing a 3.16% decline
from April but a 5.09% increase compared to
the same time last year These contracts
accounted for approximately $2.4 billion in sales, reflecting a 7.62% month-over-month increase
Resale co-ops accounted for 556 signed
contracts, showing a slight 0 36% increase from April and a 2.58% rise year-over-year.
Dollar volume grew more substantially, up
21 53% month-over-month and 18 52% yearover-year.
Resale condos recorded 308 contracts, a modest 0.33% uptick from April and a notable
26.75% increase from May 2024. Dollar
volume rose sharply as well, up 23 50% yearover-year.
Single-family townhouses saw a 50 00%
year-over-year increase in contracts signed, with dollar volume also rising by 10.50%
compared to the same period last 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
Brooklyn Overview
In May, a total of 426 contracts were signed, representing a 12 11% increase from April and a 3.15% gain year-over-year. These contracts
accounted for approximately $657 million in
sales, reflecting an 8 05% increase compared
to the previous month
Resale co-ops recorded 141 signed contracts in May, marking a 16 53% increase from April and a 29.36% rise year-over-year. Dollar
volume also saw strong growth, surging 23 21% month-over-month
Resale condos saw 125 contracts signed in May, representing a 23 76% increase from
April and a 9.65% rise year-over-year. Dollar
volume also climbed, up 19 23% month-overmonth
Single-family townhouses experienced a 43 48% increase in contracts signed
compared to April, with dollar volume rising by 11 60% over the same period
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
PRESS INQUIRIES
pr@cbwarburg.com
www.cbwarburg.com
The content of this report is based on contracts reported
through listings and may not represent all contracts signed
The date of the contract is determined by the date a listing status changed from active to contract Prices are based on the last asking price before a listing was put into contract
The property information herein is derived from various sources that may include, but not be limited to, county records and the Residential Listing Service, and it may include approximations Although the information is believed to be accurate, it is not warranted, and you should not rely upon it without personal verification
Affiliated real estate agents are independent contractor sales associates, not employees ©2024 Coldwell Banke