January sales in Manhattan were up 53% year over year and 5% month over month, while signed contracts were down 12% year over year and 21% month over month. The median listed price inched up 1% compared with December, and 5% compared with the previous year. Although new listings to hit the market were up in January, total inventory was down month over month and year over year.
Brooklyn real estate sales were down 1% compared with January 2021 and 14% compared with December 2021. The number of contracts signed were also down 15% year over year and 19% month over month, while price per square foot increased 6% year over year and 4% month over month. Overall inventory was down although January saw an uptick in new listings compared with January and December of 2021.
Queens real estate sales increased 25% in January compared with January of 2021, and ticked down 7% compared with December of 2021. The median listed price increased 5% year over year and decreased 1% month over month. New listings and total inventory were down both year over year and month over month.
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.