Manhattan Weekly Snapshot June 29 – July 5, 2024
179 contracts signed, down 31% week-over-week due to the Fourth of July but up 25% year-over-yearSales rose annually for a fourth consecutive week and are now up a cumulative 13% versus the same four weeks in 2023All product types saw year-over-year increases in contract activity, led by a 29% annual gain in resale co-op salesVersus 2023, signed contracts rose 30% under $5 million but fell 13% over $5 millionSales improved annually for 15 of 20 categories, including a 40% increase in contracts asking $3 million to $5 millionThe top contract was Corcoran Sunshine's PH76 at Sutton Tower asking $21 million. This was the highest-priced contract ever reported in Sutton Place (48th Street to 59th Street, east of First Avenue)
