REBNY Releases Q4 2020 Residential Sales Report

The Real Estate Board of New York’s recently released Q4 2020 Residential Sales report reveals that dollar volume throughout the five boroughs declined 3 percent year-over-year and 7 percent quarter-over-quarter. Manhattan saw the sharpest decline in year-over-year dollar volume across condominium, cooperatives, and one-to-three family home sales. A portion of the loss was offset by 28% and 11% gains in Staten Island and Brooklyn respectively. In addition to closed citywide transaction statistics over the three-month period, the report also provides data on active and in-contract listings for Manhattan and Brooklyn.