New York City saw a remarkable 25.1% year-over-year growth in homes entering contracts in November 2024, significantly impacting the available inventory.
Manhattan led the contracts in November 2024 with 848 homes going under contract, nearly matching the combined totals of Brooklyn and Queens.
Queens had a notable 9.7% increase in new listings from September to November 2024, indicating evolving opportunities for buyers in that borough.
The competitive landscape in Brooklyn during the fall months showcased nine out of ten of the city's most competitive sales markets, highlighting heightened buyer interest.
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