NYC Residential Sales Reports

Q4 2018 Residential Sales Report

REBNY Press

January 14, 2019

The New York City residential sales market recorded an eight percent
decrease in citywide consideration (monetary value for completed
transactions) totaling $12.3 billion in the second quarter of 2018,
compared with the second quarter of 2017.
This was the fourth consecutive quarter of year-over-year declines in
total residential sales consideration. The New York City residential sales
market has not experienced four quarters of consecutive year-over-year
decreases since the third quarter of 2009. The approximately $1 billion
decrease in total consideration during the second quarter of 2018 was
smaller than the previous quarter’s year-over-year drop of $2 billion.