Manhattan Weekly Snapshot February 24 – March 1, 2024
📌215 contracts signed, up 1% weekly but down 23% yearly
📌Nearly all price, type and submarket categories experienced declines in contract activity compared to last year.
📌The 23% annual decline was the sharpest year-over-year drop in sales since Labor Day 2023 (26 weeks ago).
📌Last week saw the lowest number of contracts signed during any final week of February since 2009.
📌Signed contracts in every price range over $1M were level or improved compared to a year ago.
📌February 2024 ended with just over 900 signed contracts, up 3% versus 2023.
