Marketproof's recent report indicates that condo sales in NYC remained strong in June, aided by the lack of inventory of existing homes. A total of 323 new contracts were signed in June, at a decline of 1% MoM. In the first six months of this year, contract signings increased by 28% to 1,809, surpassing the historical YTD average of 1,415. - The total dollar volume and median PPSF grew by 2% and 7%, respectively, while the median deal was 5% cheaper than in previous years at $1.435M.
- One High Line dominated luxury sales for the second consecutive month by signing eight contracts for over $119M.
- Marketproof's CEO, Kael Goodman, said this is a good year for new development and that the company expects the robust activity to continue in the second half of this year.
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