The Manhattan Market Pulse currently stands at 1.55, indicating a slight seller's market. It has increased by 3.5 points compared to last year but dropped by 0.7 points in the past month. While the market shows year-over-year improvement, the recent decline suggests possible stabilization.
Monthly new supply for November 2024 is 834 listings, down 44.6% from last month and 2.8% from last year. The rolling seasonal average is 1,000 listings, showing a 34.1% drop from last month but no change last year. This indicates slower market activity with supply levels below typical seasonal patterns.
Manhattan's monthly contract activity in November 2024 is 880 contracts, a decline of 11.3% from last month but a strong increase of 33.7% compared to the same period last year. The rolling seasonal average is slightly lower at 846 contracts, down 6.1% month-over-month but steady compared to last year. This suggests an improvement in market activity over last year despite a recent dip from last month.
Manhattan Market Pulse
