The New York report covers Manhattan and Brooklyn.
Manhattan
Since July, signed contracts have continued to see significant year over year gains, with post-election results consistent with pre-election results. Despite stalling in November, new listings surged annually in December, enabling continued contract growth in the coming months. The luxury market, with asking prices above $4,000,000, has experienced sharper gains than the overall market since August, with December contracts doubling from the same period last year.
Brooklyn
Signed contracts showed stability year over year in December after seeing significant annual gains since April. New listings soared in December, facilitating ongoing contract growth in the upcoming months. Over the last three months, condo contracts exceeding the $1 million mark have increased significantly compared to last year.