Manhattan’s February real estate market saw a combination of notable year over year and month over month increases in total sales, number of contracts signed, median listed price, and average price per square foot. New inventory was up considerably while overall inventory was down year over year and up compared with January 2022.
Brooklyn’s February real estate market saw an influx of new listings as well as a large month over month increase in the number of contracts signed. Sales and median listed prices were down, while price per square foot was up year over year and down month over month.
The Queens real estate market continued its upward pricing trend with increased year over year and month over month median listed prices. Sales were up 15% year over year and down 7% month over month. Inventory was up month over month and notably down year over year.
Figures in this report are based on publicly reported data from Automated City Register Information System (ACRIS), as well as proprietary data. Equal Housing Opportunity. All material presented herein is intended for informational purposes only. The sources are deemed to be reliable and the information is believed to be accurate, however the material is subject to errors, omissions, changes, or withdrawal without notice. All measurements and square footage are approximations. No statement is made as to the accuracy of any description.