Q3 2019 Residential Sales Report

The average sales price of a home (condominium, cooperative, and one-to-three family dwelling) in New York City
in Q3 2019 was $1.07M, a 4% increase year-over-year.
Total consideration decreased 4.7% year-over-year, to $12.2B. Citywide residential transactions also decreased
year-over-year by 8.5%, to 11,475 sales. The number of transactions decreased in each of the 5 boroughs.
Year-over-year, total consideration declined in all five boroughs. Manhattan declined by 2%, The Bronx by 9.5%,
Brooklyn by 7%, Queens by 6% and Staten Island by 9%.
For units under 1 million, the volume of transactions declined 10%. From $1M-$3M the number of transactions
decreased 7%, from $3M-$5M the number of transactions increased 1%, and over $5M the number of transactions
did not vary year-over-year.