Q4 2017 Residential Sales Report

The New York City residential sales market recorded a 12
percent decrease in citywide consideration (monetary value
for completed transactions) totaling $10.7 billion in the
fourth quarter of 2017, compared with the fourth quarter of
2016.
Despite the citywide decline this quarter, the overall
consideration for all home sales completed in New York
City in 2017 notched an all-time high of $50 billion. This
consideration peak was driven by the $11.1 billion record
high annual consideration achieved in Brooklyn.