Robert, Other/Just Looking in New York, NY

How many residential properties are sold each week in New York City?

Asked by Robert, New York, NY Wed Jun 13, 2007

On average how many residential properties are sold each week in New York City? BTW, How many agents are there in New York City

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Answers

4
New York City is made up of 5 boroughs. Each borough is a county. REBNY the real estate board of NY recently published a 5 borough residential real estate sales report.
1 vote Thank Flag Link Sat Jul 7, 2007
Mitchell Hall, Real Estate Pro in New York, NY
MVP'08
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Good question: There are (roughly) 200,000 condo and coop units in Manhattan. About 4% of condo and coops turn over yearly. The absorption rate is 4%. The approximate yearly sales is about 8,000 units divided by 52 would be about 153 a week but that is only Manhattan there are 4 other boroughs in NYC. REBNY the real estate board of NY and or Miller Samuel a leading appraisal firm in New York probably has the figures you're looking for. I'm not sure how many agents but there are many. I think there are more agents than properties that are sold.
Web Reference: http://millersamuel.com
1 vote Thank Flag Link Mon Jun 25, 2007
Mitchell Hall, Real Estate Pro in New York, NY
MVP'08
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I know from in house statistics, Prudential Douglas Elliman transacts a purchase or a sale on average every 30 min. Approx. 3500 agents contribute to that figure
0 votes Thank Flag Link Wed Jul 11, 2007
It helps me lot, pls pls need more clarification on this
0 votes Thank Flag Link Wed Jul 4, 2007
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