NYC Residential Sales Reports

Q4 2020 Residential Sales Report

REBNY Press

February 9, 2021

In the fourth quarter of 2020, the New York City average residential sales
price, which covers condominiums, cooperatives, and one-to-three family
homes, was $953,733 - a 3% decline year-over-year and 7% decline from the
previous quarter. Broken out, the citywide averages were:
• Condominiums: $1.4 million
• Cooperatives: $643,208
• One-to-three family homes: $885,828
Total residential sales volume, or consideration, decreased from $9.9 billion
to $9 billion year-over-year, representing a 10% drop. However, after three
consecutive quarters of declining consideration, Q4 2020 represented a 39%
increase from the previous quarter.
Borough Year-Over-Year Change in Total Consideration:
• Manhattan: -30%
• The Bronx: -10%
• Brooklyn: +11%
• Queens: -2%
• Staten Island: +28%