October 2024 community snapshot for New York new-build flats: indicative time on market is 107 days, asking-price movement is +7.4%, and financing sensitivity appears around the $1,140,000 range. These are discussion inputs, not an official index. Before treating the movement as meaningful, I’d like to pin down the sample, comparison period and whether 107 days runs from first listing or the latest relisting. Please add completed-sale evidence, inventory changes, neighbourhood splits and source links where available.
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New York monthly property snapshot — October 2024
- Thread starter orla_dawn
- Start date
The +7.4% figure needs the most clarification. Is that month over month, year over year, or a change within the active sample? Asking prices can also rise simply because October has a larger share of expensive units. A price-band and property-type breakdown would help separate market movement from a change in listing mix.
emery_gale
Homeowner
Agreed on the mix issue, but completed sales should come before finer listing splits. New-build asking prices may include units that sit for months or are later adjusted, so they do not show what buyers actually accepted. Could the next version place contract or completed-sale evidence beside the asking-price figure, while clearly marking any difference in reporting dates?
bram_bloom
First-time buyer
I wouldn’t discard the 107-day measure while waiting for completed sales. It can still say something about absorption, provided relisted units are not resetting the clock. The missing detail is inventory: 107 days with available units rising tells a different story from the same figure with inventory falling.
A practical update table could use one row per neighbourhood and columns for sample size, price band, unit type, asking-price change, days on market, available inventory and completed-sale evidence. Add the date each entry was revised and a link or an explicit “on-the-ground observation” label. That would also make it clearer whether the apparent sensitivity near $1,140,000 is broad or driven by one part of the sample.