Q3 2020 Residential Sales Report

In the third quarter of 2020, the New York City average residential sales
price, which covers condominiums, cooperatives, and one-to-three family
homes, was $1 million - a 4% decline year-over-year. Broken out, the citywide
averages were:
• Condominiums: $1.9 milion
• Cooperatives: $717,981
• One-to-three family homes: $824,892
From Q3 of 2019, total residential sales volume, or consideration, decreased
from $12.2 billion to $6.5 billion, representing a 47% drop. The decline in the
total consideration occurred in all five boroughs.
Borough Year-Over-Year Change in Total Consideration:
• Manhattan: -48%
• The Bronx: -40%
• Brooklyn: -53%
• Queens: -44%
• Staten Island: -32%