Manhattan Weekly Report 9/9/23 ~ 9/15/23
📌154 contracts signed, up 34% vs. Labor Day week, but down 17% annually
📌This was the 3rd consecutive week sales were down over 10% yearly, the first time since May
📌New development sales in downtown grew annually for the 12th time in 16 weeks, up 18% year-over-year
📌Sales over $5M were limited to 4 contracts - The lowest weekly total since the 1st week of December 2022
📌Contract activity was higher year-over-year for 3-bed in Midtown and Fidi within $5M to $10M price range.
