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