• The number of listings fell 24.8% to 15,303 from the same period a year ago,
• the lowest first quarter total in a decade.
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• Median sales price fell 2.6% to $341,000 as average sales price increased
• 4.8% to $435,082 from the same period last year.
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• Contracts signed in the first quarter increased 12.2% to 5,152 from the prior year total, representative of the release of pent-up demand. The number of sales edged
• 2.9% to 3,905 from the prior year quarter.
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• Days on market, the number of days from the original list date to the contract date,
• was 2 days faster, falling to 135 days from the prior year period.
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• Listing discount, the percent difference between the original list price and the sales price, declined to 6.7% from 7.8% over the same period.

www.elliman.com/marketreports.