![graph 5 - bubbleinfo.com](https://www.bubbleinfo.com/wp-content/uploads/2024/07/graph-5.jpg)
It’s looks like we dodged the 500 bullet – there were 496 active listings last week and it appeared we were heading for 510 or more by now. But instead, today’s count is 479 actives, and it’s doubtful there will be any big surge of new listings this late in the game.
The drop in the number of actives wasn’t because a bunch went into escrow.
There were only 37 new pendings, which is about average for a week. Another 28 withdrew or cancelled their listings, suggesting that the cancellation parade should start sooner this year due to the crickets heard wherever a home is just slightly overpriced. If you haven’t had any showings for weeks, it’s easy to blame “the market” and hang it up for now.
Don’t be surprised if we have a load of ‘new’ listings in 2025 – get in and out in the first quarter!
The pricing of the unsolds is following the same trends from last year:
![graph 6 - bubbleinfo.com](https://www.bubbleinfo.com/wp-content/uploads/2024/07/graph-6.jpg)
On a side note, here’s a good article with specific examples of cash purchases in Manhattan:
Link to Free Article in the NYT
The $0 – $1,500,000 Market:
Date |
NSDCC Active Listings |
Avg. LP/sf |
Avg. DOM |
# of Pendings |
Jan 2, 2024 |
15 |
$724/sf |
49 |
23 |
Jan 8 |
13 |
$645/sf |
58 |
19 |
Jan 15 |
10 |
$664/sf |
55 |
15 |
Jan 22 |
15 |
$750/sf |
36 |
15 |
Jan 29 |
12 |
$834/sf |
36 |
21 |
Feb 5 |
12 |
$784/sf |
38 |
23 |
Feb 12 |
10 |
$818/sf |
30 |
22 |
Feb 19 |
12 |
$731/sf |
17 |
21 |
Feb 26 |
7 |
$725/sf |
26 |
21 |
Mar 4 |
9 |
$763/sf |
23 |
21 |
Mar 11 |
15 |
$742/sf |
14 |
17 |
Mar 18 |
15 |
$697/sf |
16 |
21 |
Mar 25 |
13 |
$846/sf |
19 |
22 |
Apr 1 |
12 |
$897/sf |
22 |
20 |
Apr 8 |
15 |
$869/sf |
37 |
22 |
Apr 15 |
17 |
$811/sf |
16 |
25 |
Apr 22 |
18 |
$829/sf |
16 |
23 |
Apr 29 |
20 |
$796/sf |
20 |
23 |
May 6 |
19 |
$868/sf |
18 |
23 |
May 13 |
21 |
$859/sf |
18 |
22 |
May 20 |
25 |
$939/sf |
20 |
18 |
May 27 |
24 |
$897/sf |
25 |
20 |
Jun 3 |
22 |
$879/sf |
25 |
19 |
Jun 10 |
25 |
$834/sf |
26 |
19 |
Jun 17 |
21 |
$823/sf |
31 |
21 |
Jun 24 |
24 |
$752/sf |
32 |
24 |
Jul 1 |
23 |
$760/sf |
44 |
26 |
Jul 8 |
22 |
$801/sf |
40 |
23 |
The $1,500,000 – $2,000,000 Market:
Date |
NSDCC Active Listings |
Avg. LP/sf |
Avg. DOM |
# of Pendings |
Jan 2, 2024 |
20 |
$866/sf |
66 |
28 |
Jan 8 |
23 |
$890/sf |
63 |
23 |
Jan 15 |
32 |
$876/sf |
47 |
35 |
Jan 22 |
35 |
$823/sf |
43 |
25 |
Jan 29 |
38 |
$833/sf |
43 |
26 |
Feb 5 |
39 |
$810/sf |
34 |
28 |
Feb 12 |
32 |
$781/sf |
39 |
34 |
Feb 19 |
33 |
$797/sf |
36 |
29 |
Feb 26 |
33 |
$840/sf |
36 |
31 |
Mar 4 |
39 |
$827/sf |
32 |
31 |
Mar 11 |
30 |
$857/sf |
43 |
37 |
Mar 18 |
34 |
$847/sf |
36 |
37 |
Mar 25 |
34 |
$848/sf |
43 |
43 |
Apr 1 |
23 |
$873/sf |
42 |
47 |
Apr 8 |
30 |
$884/sf |
37 |
47 |
Apr 15 |
32 |
$961/sf |
36 |
43 |
Apr 22 |
36 |
$964/sf |
31 |
37 |
Apr 29 |
44 |
$921/sf |
25 |
33 |
May 6 |
44 |
$921/sf |
30 |
36 |
May 13 |
46 |
$939/sf |
25 |
34 |
May 20 |
47 |
$965/sf |
24 |
38 |
May 27 |
47 |
$965/sf |
30 |
40 |
Jun 3 |
53 |
$1,006/sf |
32 |
36 |
Jun 10 |
61 |
$942/sf |
30 |
36 |
Jun 17 |
62 |
$909/sf |
30 |
37 |
Jun 24 |
62 |
$909/sf |
28 |
40 |
Jul 1 |
70 |
$883/sf |
30 |
43 |
Jul 8 |
67 |
$925/sf |
30 |
47 |
The $2,000,000 – $3,000,000 Market:
Date |
NSDCC Active Listings |
Avg. LP/sf |
Avg. DOM |
# of Pendings |
Jan 2, 2024 |
54 |
$1,046/sf |
65 |
34 |
Jan 8 |
59 |
$1,034/sf |
57 |
30 |
Jan 15 |
69 |
$1,094/sf |
44 |
35 |
Jan 22 |
60 |
$1,108/sf |
42 |
45 |
Jan 29 |
65 |
$1,126/sf |
41 |
48 |
Feb 5 |
68 |
$1,120/sf |
31 |
50 |
Feb 12 |
60 |
$1,123/sf |
34 |
56 |
Feb 19 |
71 |
$1,130/sf |
29 |
56 |
Feb 26 |
64 |
$1,138/sf |
30 |
61 |
Mar 4 |
62 |
$1,202/sf |
33 |
55 |
Mar 11 |
61 |
$1,211/sf |
29 |
62 |
Mar 18 |
72 |
$1,143/sf |
32 |
53 |
Mar 25 |
70 |
$1,101/sf |
31 |
64 |
Apr 1 |
71 |
$1,049/sf |
31 |
63 |
Apr 8 |
68 |
$1,076/sf |
31 |
63 |
Apr 15 |
82 |
$1,058/sf |
33 |
55 |
Apr 22 |
81 |
$1,066/sf |
38 |
62 |
Apr 29 |
79 |
$1,076/sf |
34 |
64 |
May 6 |
77 |
$1,067/sf |
35 |
56 |
May 13 |
78 |
$1,069/sf |
38 |
58 |
May 20 |
93 |
$1,049/sf |
39 |
46 |
May 27 |
92 |
$1,053/sf |
39 |
47 |
Jun 3 |
105 |
$1,025/sf |
41 |
43 |
Jun 10 |
105 |
$1,035/sf |
40 |
53 |
Jun 17 |
107 |
$1,002/sf |
36 |
51 |
Jun 24 |
118 |
$1,034/sf |
35 |
58 |
Jul 1 |
111 |
$1,013/sf |
37 |
59 |
Jul 8 |
111 |
$1,019/sf |
41 |
58 |
The $3,000,000 – $4,000,000 Market:
Date |
NSDCC Active Listings |
Avg. LP/sf |
Avg. DOM |
# of Pendings |
Jan 2, 2024 |
33 |
$1,216/sf |
92 |
15 |
Jan 8 |
37 |
$1,248/sf |
83 |
15 |
Jan 15 |
42 |
$1,236/sf |
77 |
18 |
Jan 22 |
43 |
$1,283/sf |
77 |
17 |
Jan 29 |
42 |
$1,242/sf |
75 |
20 |
Feb 5 |
36 |
$1,363/sf |
73 |
25 |
Feb 12 |
40 |
$1,252/sf |
34 |
18 |
Feb 19 |
47 |
$1,515/sf |
45 |
17 |
Feb 26 |
50 |
$1,512/sf |
42 |
16 |
Mar 4 |
50 |
$1,588/sf |
44 |
19 |
Mar 11 |
50 |
$1,594/sf |
44 |
23 |
Mar 18 |
60 |
$1,537/sf |
38 |
22 |
Mar 25 |
59 |
$1,614/sf |
70 |
27 |
Apr 1 |
62 |
$1,660/sf |
76 |
26 |
Apr 8 |
65 |
$1,479/sf |
76 |
27 |
Apr 15 |
72 |
$1,442/sf |
70 |
26 |
Apr 22 |
70 |
$1,462/sf |
75 |
20 |
Apr 29 |
68 |
$1,434/sf |
75 |
25 |
May 6 |
67 |
$1,373/sf |
70 |
26 |
May 13 |
71 |
$1,355/sf |
68 |
25 |
May 20 |
78 |
$1,298/sf |
63 |
24 |
May 27 |
79 |
$1,267/sf |
66 |
26 |
Jun 3 |
75 |
$1,272/sf |
65 |
26 |
Jun 10 |
81 |
$1,248/sf |
62 |
26 |
Jun 17 |
89 |
$1,195/sf |
59 |
28 |
Jun 24 |
84 |
$1,229/sf |
61 |
33 |
Jul 1 |
87 |
$1,227/sf |
62 |
31 |
Jul 8 |
77 |
$1,278/sf |
68 |
33 |
The $4,000,000+ Market:
Date |
NSDCC Active Listings |
Avg. LP/sf |
Avg. DOM |
# of Pendings |
Jan 2, 2024 |
139 |
$1,858/sf |
116 |
20 |
Jan 8 |
151 |
$1,896/sf |
109 |
18 |
Jan 15 |
157 |
$1,879/sf |
106 |
22 |
Jan 22 |
159 |
$1,824/sf |
104 |
27 |
Jan 29 |
162 |
$1,758/sf |
108 |
31 |
Feb 5 |
162 |
$1,718/sf |
108 |
30 |
Feb 12 |
154 |
$1,705/sf |
107 |
34 |
Feb 19 |
168 |
$1,685/sf |
107 |
24 |
Feb 26 |
175 |
$1,691/sf |
105 |
26 |
Mar 4 |
166 |
$1,692/sf |
97 |
36 |
Mar 11 |
178 |
$1,663/sf |
90 |
37 |
Mar 18 |
179 |
$1,691/sf |
90 |
29 |
Mar 25 |
177 |
$1,693/sf |
83 |
34 |
Apr 1 |
176 |
$1,713/sf |
87 |
31 |
Apr 8 |
177 |
$1,771/sf |
82 |
37 |
Apr 15 |
179 |
$1,731/sf |
88 |
40 |
Apr 22 |
183 |
$1,733/sf |
85 |
42 |
Apr 29 |
187 |
$1,765/sf |
81 |
42 |
May 6 |
191 |
$1,751/sf |
83 |
42 |
May 13 |
184 |
$1,754/sf |
84 |
47 |
May 20 |
193 |
$1,734/sf |
81 |
45 |
May 27 |
202 |
$1,716/sf |
78 |
46 |
Jun 3 |
203 |
$1,694/sf |
74 |
43 |
Jun 10 |
206 |
$1,716/sf |
70 |
43 |
Jun 17 |
204 |
$1,666/sf |
68 |
41 |
Jun 24 |
208 |
$1,678/sf |
68 |
44 |
Jul 1 |
213 |
$1,673/sf |
70 |
35 |
Jul 8 |
212 |
$1,674/sf |
72 |
29 |
NSDCC Weekly New Listings and New Pendings
Week |
New Listings |
New Pendings |
Total Actives |
Total Pendings |
Jan 2, 2024 |
18 |
10 |
255 |
113 |
Jan 8 |
43 |
12 |
278 |
100 |
Jan 15 |
52 |
20 |
305 |
102 |
Jan 22 |
50 |
29 |
308 |
122 |
Jan 29 |
44 |
32 |
314 |
140 |
Feb 5 |
44 |
33 |
312 |
149 |
Feb 12 |
37 |
34 |
292 |
159 |
Feb 19 |
53 |
24 |
326 |
143 |
Feb 26 |
45 |
37 |
324 |
151 |
Mar 4 |
52 |
45 |
332 |
166 |
Mar 11 |
53 |
26 |
331 |
165 |
Mar 18 |
62 |
32 |
355 |
159 |
Mar 25 |
45 |
46 |
348 |
186 |
Apr 1 |
37 |
42 |
340 |
183 |
Apr 8 |
58 |
36 |
352 |
191 |
Apr 15 |
58 |
29 |
378 |
184 |
Apr 22 |
44 |
36 |
384 |
179 |
Apr 29 |
67 |
36 |
393 |
185 |
May 6 |
58 |
48 |
394 |
183 |
May 13 |
47 |
34 |
395 |
186 |
May 20 |
67 |
26 |
429 |
171 |
May 27 |
57 |
36 |
435 |
179 |
Jun 3 |
55 |
26 |
449 |
166 |
Jun 10 |
77 |
40 |
469 |
175 |
Jun 17 |
64 |
37 |
474 |
175 |
Jun 24 |
78 |
29 |
489 |
192 |
Jul 1 |
51 |
38 |
496 |
188 |
Jul 8 |
41 |
37 |
479 |
184 |
NSDCC List Price Quartiles
Week |
1st Quartile |
Median List Price |
3rd Quartile |
Jan 2, 2024 |
$2,549,888 |
$4,444,000 |
$8,350,000 |
Jan 8 |
$2,572,444 |
$4,447,000 |
$8,097,500 |
Jan 15 |
$2,499,000 |
$4,200,000 |
$7,950,000 |
Jan 22 |
$2,429,000 |
$4,250,000 |
$7,450,000 |
Jan 29 |
$2,399,000 |
$4,225,000 |
$7,495,000 |
Feb 5 |
$2,398,000 |
$4,272,500 |
$7,495,000 |
Feb 12 |
$2,499,800 |
$4,297,500 |
$7,495,000 |
Feb 19 |
$2,499,400 |
$4,200,000 |
$6,972,500 |
Feb 26 |
$2,649,400 |
$4,350,000 |
$7,300,000 |
Mar 4 |
$2,525,000 |
$4,225,000 |
$7,149,500 |
Mar 11 |
$2,649,000 |
$4,295,000 |
$7,495,000 |
Mar 18 |
$2,500,000 |
$4,000,000 |
$6,750,000 |
Mar 25 |
$2,680,000 |
$4,097,499 |
$6,750,000 |
Apr 1 |
$2,785,000 |
$4,150,000 |
$6,999,999 |
Apr 8 |
$2,680,000 |
$4,047,500 |
$6,999,000 |
Apr 15 |
$2,570,000 |
$3,899,500 |
$6,797,500 |
Apr 22 |
$2,499,000 |
$3,982,500 |
$6,495,000 |
Apr 29 |
$2,399,000 |
$3,990,000 |
$6,750,000 |
May 6 |
$2,485,000 |
$3,995,000 |
$6,825,000 |
May 13 |
$2,475,000 |
$3,895,000 |
$6,900,000 |
May 20 |
$2,420,000 |
$3,750,000 |
$6,480,000 |
May 27 |
$2,495,000 |
$3,840,000 |
$6,695,000 |
Jun 3 |
$2,475,000 |
$3,749,000 |
$6,395,000 |
Jun 10 |
$2,388,000 |
$3,500,000 |
$6,187,000 |
Jun 17 |
$2,412,500 |
$3,599,500 |
$5,995,000 |
Jun 24 |
$2,350,000 |
$3,500,000 |
$6,398,000 |
Jul 1 |
$2,398,000 |
$3,600,000 |
$6,400,000 |
Jul 8 |
$2,399,000 |
$3,650,000 |
$6,500,000 |
Jim is a long-time local realtor who comments daily here on his blog, bubbleinfo.com which began in September, 2005. Stick around!