NYC Residential Sales Reports

Q3 2020 Residential Sales Report

REBNY Press

January 18, 2021

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%