This past week’s residential contracts across core NYC neighborhoods saw 326 signed residential deals totaling $611 million in asking volume. That was up slightly from 321 contracts the prior week, though dollar volume edged down from about $617 million.
The median asking price rose to approximately $1.30 million, up from $1.25 million the prior week. The high end remained active, but less so than the week before, with 31 contracts signed above $3.9 million, down from 37. There were four deals above $10 million, unchanged from the prior week. The week was led by a $19 million condo at 565 Broome SoHo, followed by a $12.5 million townhouse at 481 West 22nd Street, and a $12.25 million sponsor condo at 67 Irving Place.
By property type, co-ops narrowly led by deal count, with 155 contracts, followed by 149 condos, 12 condops, and 10 townhouses. Condos still drove the largest share of dollar volume, accounting for approximately 55% of total asking volume, compared with about 35% for co-ops and 7% for townhouses.
Homes spent an average of 92 days on the market, down from 94 days the prior week, though the median rose to 62 days, from 59 days. Activity was strongest by deal count in Carnegie Hill, Yorkville, Riverside Drive/West End Avenue, Lenox Hill, and Park Slope.