The borough’s condo and co-op markets continue to see growth.

Robust sales through October resulted in a stable inventory annually.

Contract activity rose year-over-year, the third consecutive month of annual sales gains.

• Condo contracts increased 12% year-over-year, and co-op sales jumped 36% from a low point last year. This was the strongest October since 2021 for both the condo and co-op markets.
• All price points displayed a positive or steady performance with the number of contracts signed over $3M doubling compared to a year ago. Furthermore, the sales figure in the $1.5M to $2M price range, 52 reported contracts, was this segment’s highest in over two years.
• Six of the eight submarkets showed annual increases in activity.

Inventory remained flat compared to last October, which was the lowest October figure for listings in over eight years.

• Condo inventory increased for the sixth month in a row, while co-op inventory declined annually for the first time in six months.
• Increased new development sales activity over $2,000 per square foot drove overall average price per square foot up 6%.
• Overall negotiability factor increased to 1% above ask, driven by several co-ops selling above ask by double-digits.