Manhattan Weekly Snapshot August 17– 23, 2024
185 contracts signed, down 8% week-over-week and down 2% year-over-yearThe minimal 2% year-over-year decline represented just four fewer contracts signed than the same week last yearNew development and resale condo rose by double-digit year-over-year percentages for a second consecutive weekCompared to a year ago, contract activity improved below 34th Street but decreased north of 34th StreetSales over $5 million rose 75% year-over-year, the greatest annual gain over $5 million in ten monthsThe top sale was Central Park Tower 39B asking $59 million, the second highest-priced contract reported in 2024
