The Manhattan real estate market is yet another victim of the coronavirus.
The number of new for-sale listings and the number of contracts signed dropped from the same time last year, according to a report from UrbanDigs.
Meanwhile, the number of listings pulled from the market skyrocketed compared with the third week of March in 2019. UrbanDigs’ analysis compares the week beginning March 16, 2020 to the week of March 18, 2019 (both the third full week of March).
Sources include the Residential Listing Service from the Real Estate Board of New York (REBNY), Brooklyn Multiple Listings Service, the city’s online property records portal ACRIS, and proprietary data.
The findings’ key numbers are:
- 98 – The number of listings new to the market, compared with 459 during the same week in 2019, a 70 percent decrease.
- 109 – The number of new contracts signed, compared with 214 in the third week of March last year, a drop of 49 percent.
- 448 – The number of listings taken off the market during the week of March 16, 2020, compared with 119 in the third week of March last year, a “startling increase” of 276 percent.
Inventory is certainly down. But until there is more data — say, on the median prices of sold properties during this time — it is unclear how badly the Manhattan sales market is and will be affected by the coronavirus.
Enjoy Daily Prayers and , Open Heavens Daily Devotional, Billy Graham Daily Devotional , Our Daily Bread Devotionals , UCB Word for Today Devotionals , In touch Ministries Daily Devotionals , My Utmost For His Highest Daily Devotionals , All Rccg Live programs and Events , Rccg Sunday School Manuals ( Weekly Teacher and Students Manuals ) , Winner Chapel Daily Covenant Hours and Programs , Dclm Pastor Kumugi Daily Manna Devotional , Seeds Of Destiny Daily Devotional , Spirit Meat Rev. Olusola Areogun Daily Devotional , CAC living Water Daily Devotional Guides , CAC Weekly Sunday School Manuals , Rhapsody Of Realities Daily Devotionals , Our Daily Journey Devotionals , Turning Point Today Daily Devotionals , Christian Useful Secrets Tips , Download Nigerian Worship Video Musics and songs And MP3 , Ray Stedman Daily Devotional , Pastor Benny Hinn Inspirational Teachings , Bishop David Oyedepo Inspirational Teachings, Pastor Rick Warren Daily Hope Devotional , Pastor Faith Oyedepo Motivational Messages , Daily Devotions Etc