June 2024 Real Estate Review - NYC Edition
I hope you find this June?2024?Real Estate Review - NYC Edition?useful and encourage you to share it with anyone who may find it interesting.
Reviews, referrals, and recommendations have become?the lifeblood of the real estate?business.?If you have had a good experience working with me, in any market, and would be so inclined, I would appreciate your positive review:?Sure, I'd love to recommend Andrew Fishkind
NYC.gov:
Zillow:
Mansion Global:
Regards,
?
?
The total number of newly signed contracts for all 3 property types slipped year-over-year for the second time in 3 months, pulled lower by overall CONDOS.
However, above the $5 million threshold, CONDO new signed contracts jumped annually. Annual gains in new listings were seen for the third time in 4 months.
May 2024 Year-Over-Year Highlights
COOPS
CONDOS
1-3 Family Homes (Townhouses)
The total number of newly signed contracts for all 3 property types jumped year-over-year for the fourth time in 5 months.
Newly signed contracts for COOPS and 1-3 families surged year-over-year as their new listings fell.
领英推荐
May 2024 Year-Over-Year Highlights
COOPS
?CONDOS
?1-3 Family Matrix
?
May 2024?Manhattan, Brooklyn & Queens Rentals?
New lease signings in Manhattan rose to their second-highest level on record for May.?All price trend indicators slipped year-over-year, yet median rent saw its second-highest May result in history.?Listing discount tied to the lowest level on record for any month, reflecting a premium.?Doorman median rent increased year-over-year more than non-doorman rent for the fifth straight month.?Annual median rent growth for new developments outpaced existing rentals for the third time. Luxury price per square foot year was unchanged year-over-year as luxury listing inventory has been expanding since last September.
New lease signings in Brooklyn rose to their highest level on record. Median rent and net effective median rent reached their highest level for May on record. Listing inventory rose to its highest level for May on record.
New lease signings for Northwest Queens rose to their highest level on record. Net effective median rent reached its highest level for May on record. Listing inventory rose to its second-highest level for May on record.
Zillow:
CNBC:
NBC New York:
The Real Deal:
Bloomberg:
Wondering About Home Value? Are you curious about the value of your home?
Try our?value estimation tool,?What is Your Home Worth??
Keep?in mind that these?models never replace the custom valuation and market insight that our team can offer, specific to your building and neighborhood.