Find Broadway, historic landmarks, and Wall Street, alongside traffic and sky-high home prices in the city that never sleeps.

Office Location

15,400

Jobs Created
.2%

$78,631

Median Household Income
.2%

57,291

Total Housing Permits
25.1%

471

Total Number of Projects
-8.5%

$539,018

SFD New Home List Price
-3.5%

0

New Home Sales
-27.7%
Monthly

Market Health

New York s population is 19.9M, with a total workforce of 10.0M. The labor market grew by 15,400 jobs over the past year, up by 0.2%. The median household income in New York is $78,631, 0.2% higher than last year and 24.5% above the national average of $63,179.
In the housing market, total permits issued totaled 57,291 over the last twelve months, up 25.1% year-over-year. New York has 471 active new home projects on the market, 8.5% fewer than the 515 from last year. The average list price in the market is $539,018, 3.5% lower than last year and 67.7% above the national average. Over the last three months, new home contracts decreased by 27.7% to 1,402. New York and Brooklyn had the highest concentration of the new home contracts in the New York market.

Our Experts

Work with leaders in the industry.

Tim Sullivan

Senior Managing Principal

Tim Sullivan

Senior Managing Principal

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