Monthly Investment and Residential Sales Report: September 2020

Market Report provided by REBNY

From August to September 2020, REBNY reports declines in transaction activity for both investment sales and residential sales. Total investment and residential sales volume, or consideration, was down 47% in September 2020 from the same time last year and up 9% from August to September 2020. The total tax revenue generated from these sales to the City and State declined 36% from September 2019 to September 2020 and increased 13% from August 2020 to September 2020.