What Do June Numbers Mean?
Louisa Gillen
Founder @ SIMPLE Real Estate | Why overpay for real estate services when there is a smarter option? SIMPLE Real Estate caps its fee, so you maximize your profit. It's that SIMPLE!
JUNE NUMBERS SHOW CONFIDENCE IN NYC REAL ESTATE. Phase 2 in NYC began on June 22nd and the real estate market responded with a surge in New Supply and Contracts Signed both outpacing April and May numbers. The increased activity is a positive sign, but contracts signed are still -70.7% from last year. Moving forward the market will continue to be thinly traded and supply will outpace demand through the end of the year as both buyers and sellers will need to adjust their pricing expectations. Current information to assess the value of your home is extremely limited. We can provide you with up-to-date information including prices on signed contracts, off-market deals and closings to help you make smarter decisions. Let us be your Expert Team to help you sell your home, keep more money in your pocket and eliminate your real estate stress!
- Number of Signed Contracts in June totaled 257 up 61.6% from May and -70.7% from last year.
- 142 Coops, 109 Condos, 6 Townhouses
- 116 under $1M, 100 from $1M-$3M, 41 above $3M
- Monthly New Supply is up 168.1% from May and up 16.6% from last year.
- Supply is currently at 6,215 up 18.8% from May, 4.4% YTD and down -17.5% from last year.