Quarterly Indicators Bronx County

(1)

Bronx County

Quarterly Snapshot

2

3

4

5

6

7

8

9

10

11

12

13

14

15

Quarterly Indicators

Q1-2021

+ 32.6%

Residential real estate activity composed of Single-Family, Condo and

Co-op properties. Percent changes are calculated using rounded figures.

Days on Market Until Sale

Median Sales Price

Average Sales Price

Percent of Original List Price Received

Housing Affordability Index

Inventory of Homes for Sale

Months Supply of Inventory

New Listings

The real estate market in the first quarter of 2021 tends to be a good indicator of

how the rest of the year will unfold. With strong buyer demand and low inventory

across most market segments both locally and nationally, multiple offers were a

common occurrence during the quarter as the weather warmed and COVID-19

restrictions began to ease, creating even more urgency in an already frenzied

market.

• Single-Family Closed Sales were up 45.9 percent to 178.

• Condos Closed Sales were up 36.4 percent to 60.

• Co-ops Closed Sales were up 16.8 percent to 132.

• Single-Family Median Sales Price increased 4.5 percent to $545,000.

• Condos Median Sales Price increased 5.8 percent to $292,500.

• Co-ops Median Sales Price increased 20.2 percent to $243,500.

As the rollout of COVID-19 vaccines continues to accelerate and the economy

slowly reopens, strong buyer demand is likely to remain even in the face of falling

housing affordability. Existing home seller and new construction activity remains

well below levels necessary for housing supply to come into balance with demand,

so expect the soaring housing market to continue unabated in the coming months.

0.0%

One-Year Change in

Homes for Sale

All Properties

One-Year Change in

Median Sales Price

All Properties

+ 21.5%

Pending Sales

Closed Sales

One-Year Change in

Closed Sales

All Properties

Single-Family Homes Market Overview

Condos Market Overview

Co-ops Market Overview

(2)

Single-Family Homes Market Overview

Key Metrics

Historical Sparkbars

Q1-2020

Q1-2021

Percent Change

_{YTD 2020 YTD 2021}

Percent Change

--

--Inventory of Homes for Sale

256

166 - 35.2%

--

--Months Supply of Inventory

5.6

3.3 - 41.1%

--+ 1.7%

Housing Affordability Index

63

66 + 4.8%

63

66 + 4.8%

Pct. of Orig. Price Received

94.7%

96.3%

+ 1.7%

94.7%

96.3%

+ 4.5%

Average Sales Price

$576,782

$574,159

- 0.5%

$576,782

$574,159

- 0.5%

Median Sales Price

$521,500

$545,000

+ 4.5%

$521,500

$545,000

227 + 45.9%

Days on Market

80

67 - 16.3%

80

67 - 16.3%

Closed Sales

122

178 + 45.9%

122

178 Bronx County

Key metrics for Single-Family Homes Only for the report quarter and for year-to-date (YTD) starting from the first of the year.

New Listings

227

205 - 9.7%

Pending Sales

102

151 + 48.0%

102

151 + 48.0%

257 266 190 248 275 268 189 227 ₁₇₁ 306 188 205 Q2-2018 Q4-2018 Q2-2019 Q4-2019 Q2-2020 Q4-2020 146 139 141 110 161 153 128 102 83 194 169 151 Q2-2018 Q4-2018 Q2-2019 Q4-2019 Q2-2020 Q4-2020 129 144 158 ₁₁₆ 134 152 146 ₁₂₂ 83 115 158 178 Q2-2018 Q4-2018 Q2-2019 Q4-2019 Q2-2020 Q4-2020 73 79 68 77 65 74 68 80 68 70 73 67 Q2-2018 Q4-2018 Q2-2019 Q4-2019 Q2-2020 Q4-2020 Q2-2018 Q4-2018 Q2-2019 Q4-2019 Q2-2020 Q4-2020 95.7% 96.2% 94.9% 94.7% 95.5% 95.7% 94.9% 94.7% 96.6% 96.0% 95.5% 96.3% Q2-2018 Q4-2018 Q2-2019 Q4-2019 Q2-2020 Q4-2020 66 63 59 63 64 64 65 63 64 66 64 66 Q2-2018 Q4-2018 Q2-2019 Q4-2019 Q2-2020 Q4-2020 227 248 196 247 261 253 218 256 254 252 181 ₁₆₆ Q2-2018 Q4-2018 Q2-2019 Q4-2019 Q2-2020 Q4-2020 4.9 5.5 4.3 5.5 5.7 5.4 4.7 5.6 6.5 _6.0 4.0 3.3 Q2-2018 Q4-2018 Q2-2019 Q4-2019 Q2-2020 Q4-2020 Q2-2018 Q4-2018 Q2-2019 Q4-2019 Q2-2020 Q4-2020

(3)

Condos Market Overview

Key Metrics

Historical Sparkbars

Q1-2020

Q1-2021

Percent Change

_{YTD 2020 YTD 2021}

Percent Change

137 + 45.7%

Pending Sales

41

79 + 92.7%

41

79 + 92.7%

94 New Listings

94

137 + 45.7%

Closed Sales

44

60 + 36.4%

44

60 + 36.4%

- 11.3%

$292,500

+ 5.8%

Days on Market

80

71 - 11.3%

80

71 Median Sales Price

$276,500

$292,500

+ 5.8%

$276,500

+ 5.6%

Pct. of Orig. Price Received

95.9%

95.8%

- 0.1%

95.9%

95.8%

- 0.1%

Average Sales Price

$303,345

$320,242

+ 5.6%

$303,345

$320,242

Housing Affordability Index

119

122 + 2.5%

119

122

133 + 20.9%

--

--Key metrics for Condominiums Only for the report quarter and for year-to-date (YTD) starting from the first of the year.

Bronx County

--Months Supply of Inventory

7.7

7.7 0.0%

--

--+ 2.5%

Inventory of Homes for Sale

110

71 75 70 96 93 80 61 94 57 108 ₉₉ 137 Q2-2018 Q4-2018 Q2-2019 Q4-2019 Q2-2020 Q4-2020 42 43 40 55 42 55 ₃₄ 41 28 53 47 79 Q2-2018 Q4-2018 Q2-2019 Q4-2019 Q2-2020 Q4-2020 51 ₄₆ 45 34 54 ₄₉ 47 44 32 34 44 60 Q2-2018 Q4-2018 Q2-2019 Q4-2019 Q2-2020 Q4-2020 80 88 68 76 81 71 ₆₅ 80 90 116 79 ₇₁ Q2-2018 Q4-2018 Q2-2019 Q4-2019 Q2-2020 Q4-2020 Q2-2018 Q4-2018 Q2-2019 Q4-2019 Q2-2020 Q4-2020 98.4%100.1%_97.3% 99.1% 97.9% 97.7% 96.4% 95.9% 96.3% 98.1% 93.8% 95.8% Q2-2018 Q4-2018 Q2-2019 Q4-2019 Q2-2020 Q4-2020 130 ₁₂₀ 73 124 128 116 125 119 106 111 118 122 Q2-2018 Q4-2018 Q2-2019 Q4-2019 Q2-2020 Q4-2020 82 85 91 103 116 ₉₅ 87 110 116 126 133 133 Q2-2018 Q4-2018 Q2-2019 Q4-2019 Q2-2020 Q4-2020 5.7 6.1 6.5 6.9 7.7 5.9 5.6 7.7 8.8 9.7 9.4 7.7 Q2-2018 Q4-2018 Q2-2019 Q4-2019 Q2-2020 Q4-2020 Q2-2018 Q4-2018 Q2-2019 Q4-2019 Q2-2020 Q4-2020

(4)

Co-ops Market Overview

Key Metrics

Historical Sparkbars

Q1-2020

Q1-2021

Percent Change

_{YTD 2020 YTD 2021}

Percent Change

310 + 46.9%

Pending Sales

96

185 + 92.7%

96

185 + 92.7%

211 New Listings

211

310 + 46.9%

Closed Sales

113

132 + 16.8%

113

132 + 16.8%

- 11.2%

$243,500

+ 20.2%

Days on Market

107

95 - 11.2%

107

95 Median Sales Price

$202,500

$243,500

+ 20.2%

$202,500

+ 15.3%

Pct. of Orig. Price Received

95.3%

96.2%

+ 0.9%

95.3%

96.2%

+ 0.9%

Average Sales Price

$233,516

$269,160

+ 15.3%

$233,516

$269,160

Housing Affordability Index

163

147 - 9.8%

163

147

368 + 22.3%

--

--Key metrics for Co-operatives Only for the report quarter and for year-to-date (YTD) starting from the first of the year.

Bronx County

--Months Supply of Inventory

7.4

8.1 + 9.5%

--

--- 9.8%

Inventory of Homes for Sale

301

228 222 177 218 263 ₂₃₀ 178 211 143 339 230 310 Q2-2018 Q4-2018 Q2-2019 Q4-2019 Q2-2020 Q4-2020 173 133 134 132 144 134 ₁₁₇ 96 55 148 160 185 Q2-2018 Q4-2018 Q2-2019 Q4-2019 Q2-2020 Q4-2020 171 163 134 136 136 138 ₁₂₇ 113 76 92 111 132 Q2-2018 Q4-2018 Q2-2019 Q4-2019 Q2-2020 Q4-2020 102 86 96 96 86 85 87 107 92 102 86 95 Q2-2018 Q4-2018 Q2-2019 Q4-2019 Q2-2020 Q4-2020 Q2-2018 Q4-2018 Q2-2019 Q4-2019 Q2-2020 Q4-2020 96.5% 96.9% 96.7% 95.5% 95.6% 96.9% 97.2% 95.3% 96.3% _94.8% 97.0% 96.2% Q2-2018 Q4-2018 Q2-2019 Q4-2019 Q2-2020 Q4-2020 150 138 151 154 175 148 166 163 161 148 154 147 Q2-2018 Q4-2018 Q2-2019 Q4-2019 Q2-2020 Q4-2020 274 295 267 280 304 329 289 301 304 402 363 368 Q2-2018 Q4-2018 Q2-2019 Q4-2019 Q2-2020 Q4-2020 5.4 5.9 5.5 5.9 6.7 7.3 6.6 7.4 9.1 11.6 9.5 8.1 Q2-2018 Q4-2018 Q2-2019 Q4-2019 Q2-2020 Q4-2020 Q2-2018 Q4-2018 Q2-2019 Q4-2019 Q2-2020 Q4-2020

(5)

New Listings

Quarter Single-Family Homes Condos Co-ops

Q2-2018

257

71

228 Q3-2018

266

75

222 Q4-2018

190

70

177 Q1-2019

248

96

218 Q2-2019

275

93

263 Q3-2019

268

80

230 Q4-2019

189

61

178 Q1-2020

227

94

211 Q2-2020

171

57

143 Q3-2020

306

108

339 Q4-2020

188

99

230 Q1-2021

205

137

310

Note: If no activity occurred during a quarter, no data point is shown and the line extends to the next available data point.

A count of the properties that have been newly listed on the market in a given quarter.

Bronx County

Historical New Listings by Quarter

248

96

218

227

94

211

205

137

310 Single-Family Homes

Condos

Co-ops

Q1-2021

248

96

218

227

94

211

205

137

310 Single-Family Homes

Condos

Co-ops

Year to Date

Q1-2019 Q1-2020 Q1-2021 + 45.7% - 2.1% - 9.7% - 8.5% - 8.5% - 9.7% - 2.1% + 45.7% Q1-2019 Q1-2020 Q1-2021 Q1-2019 Q1-2020 Q1-2021 Q1-2019 Q1-2020 Q1-2021 + 25.9% + 47.7% - 3.2% + 46.9% + 25.9% + 47.7% Q1-2019 Q1-2020 Q1-2021 - 6.8% - 3.2% + 46.9% Q1-2019 Q1-2020 Q1-2021 - 6.8% 0 100 200 300 400 Q1-2003 Q1-2005 Q1-2007 Q1-2009 Q1-2011 Q1-2013 Q1-2015 Q1-2017 Q1-2019 Q1-2021 Single-Family Homes Condos Co-ops

(6)

Pending Sales

Q2-2018

146

42

173 Q3-2018

139

43

133 Q4-2018

141

40

134 Q1-2019

110

55

132 Q2-2019

161

42

144 Q3-2019

153

55

134 Q4-2019

128

34

117 Q1-2020

102

41

96 Q2-2020

83

28

55 Q3-2020

194

53

148 Q4-2020

169

47

160 Q1-2021

151

79

185 Historical Pending Sales by Quarter

A count of the properties on which offers have been accepted in a given quarter.

Bronx County

110

55

132

102

41

96

151

79

185 Single-Family Homes

Condos

Co-ops

Q1-2021

110

55

132

102

41

96

151

79

185 Single-Family Homes

Condos

Co-ops

Year to Date

Q1-2019 Q1-2020 Q1-2021 + 92.7% - 25.5% + 48.0% - 7.3% - 7.3% + 48.0% - 25.5% + 92.7% Q1-2019 Q1-2020 Q1-2021 Q1-2019 Q1-2020 Q1-2021 Q1-2019 Q1-2020 Q1-2021 - 8.3% + 27.9% - 27.3% + 92.7% - 8.3% + 27.9% Q1-2019 Q1-2020 Q1-2021 - 9.0% - 27.3% + 92.7% Q1-2019 Q1-2020 Q1-2021 - 9.0% 0 50 100 150 200 250 Q1-2003 Q1-2005 Q1-2007 Q1-2009 Q1-2011 Q1-2013 Q1-2015 Q1-2017 Q1-2019 Q1-2021 Single-Family Homes Condos Co-ops

(7)

Closed Sales

Q2-2018

129

51

171 Q3-2018

144

46

163 Q4-2018

158

45

134 Q1-2019

116

34

136 Q2-2019

134

54

136 Q3-2019

152

49

138 Q4-2019

146

47

127 Q1-2020

122

44

113 Q2-2020

83

32

76 Q3-2020

115

34

92 Q4-2020

158

44

111 Q1-2021

178

60

132 Historical Closed Sales by Quarter

A count of the actual sales that closed in a given quarter.

Bronx County

116

34

136

122

44

113

178

60

132 Single-Family Homes

Condos

Co-ops

Q1-2021

116

34

136

122

44

113

178

60

132 Single-Family Homes

Condos

Co-ops

Year to Date

Q1-2019 Q1-2020 Q1-2021 + 36.4% + 29.4% + 45.9% + 5.2% + 5.2% + 45.9% + 29.4% + 36.4% Q1-2019 Q1-2020 Q1-2021 Q1-2019 Q1-2020 Q1-2021 Q1-2019 Q1-2020 Q1-2021 - 8.7% - 15.0% - 16.9% + 16.8% - 8.7% - 15.0% Q1-2019 Q1-2020 Q1-2021 + 6.3% - 16.9% + 16.8% Q1-2019 Q1-2020 Q1-2021 + 6.3% 0 50 100 150 200 Q1-2003 Q1-2005 Q1-2007 Q1-2009 Q1-2011 Q1-2013 Q1-2015 Q1-2017 Q1-2019 Q1-2021 Single-Family Homes Condos Co-ops

(8)

Days on Market Until Sale

Q2-2018

73

80

102 Q3-2018

79

88

86 Q4-2018

68

96 Q1-2019

77

76

96 Q2-2019

65

81

86 Q3-2019

74

71

85 Q4-2019

68

65

87 Q1-2020

80

107 Q2-2020

68

90

92 Q3-2020

70

116

102 Q4-2020

73

79

86 Q1-2021

67

71

95 Historical Days on Market Until Sale by Quarter

Average number of days between when a property is listed and when an offer is accepted in a given quarter.

Bronx County

77 ₇₆

107

80

107

67

71

95 Single-Family Homes

Condos

Co-ops

Q1-2021

77

76

96

80

107

67

71

95 Single-Family Homes

Condos

Co-ops

Year to Date

Q1-2019 Q1-2020 Q1-2021 - 11.3% + 5.3% - 16.3% + 3.9% + 3.9% - 16.3% + 5.3% - 11.3% Q1-2019 Q1-2020 Q1-2021 Q1-2019 Q1-2020 Q1-2021 Q1-2019 Q1-2020 Q1-2021 + 5.5% - 20.0% + 11.5% - 11.2% + 5.5% - 20.0% Q1-2019 Q1-2020 Q1-2021 0.0% + 11.5% - 11.2% Q1-2019 Q1-2020 Q1-2021 0.0% 0 100 200 300 400 Q1-2003 Q1-2005 Q1-2007 Q1-2009 Q1-2011 Q1-2013 Q1-2015 Q1-2017 Q1-2019 Q1-2021 Single-Family Homes Condos Co-ops

(9)

Median Sales Price

Q2-2018

$452,000

$230,000

$200,000

Q3-2018

$472,500

$248,500

$217,000

Q4-2018

$493,850

$400,000

$194,500

Q1-2019

$482,500

$245,000

$197,500

Q2-2019

$495,250

$245,250

$180,000

Q3-2019

$510,000

$280,000

$220,000

Q4-2019

$500,000

$259,000

$195,555

Q1-2020

$521,500

$276,500

$202,500

Q2-2020

$527,000

$320,000

$210,000

Q3-2020

$526,000

$312,500

$235,000

Q4-2020

$552,500

$300,000

$230,000

Q1-2021

$545,000

$292,500

$243,500

Historical Median Sales Price by Quarter

Point at which half of the sales sold for more and half sold for less, not accounting for seller concessions, in a given quarter.

Bronx County

$482,500 $245,000 $197,500 $521,500 $276,500 $202,500 $545,000 $292,500 $243,500

Single-Family Homes

Condos

Co-ops

Q1-2021

$482,500 $245,000 $197,500 $521,500 $276,500 $202,500 $545,000 $292,500 $243,500

Single-Family Homes

Condos

Co-ops

Year to Date

Q1-2019 Q1-2020 Q1-2021 + 5.8% + 12.9% + 4.5% + 8.1% + 8.1% + 4.5% + 12.9% + 5.8% Q1-2019 Q1-2020 Q1-2021 Q1-2019 Q1-2020 Q1-2021 Q1-2019 Q1-2020 Q1-2021 + 7.2% + 12.9% + 2.5% + 20.2% + 7.2% + 12.9% Q1-2019 Q1-2020 Q1-2021 + 6.8% + 2.5% + 20.2% Q1-2019 Q1-2020 Q1-2021 + 6.8% $0 $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 Q1-2003 Q1-2005 Q1-2007 Q1-2009 Q1-2011 Q1-2013 Q1-2015 Q1-2017 Q1-2019 Q1-2021 Single-Family Homes Condos Co-ops

(10)

Average Sales Price

Q2-2018

$482,905

$276,618

$236,322

Q3-2018

$511,446

$336,137

$233,073

Q4-2018

$527,634

$450,702

$241,267

Q1-2019

$491,064

$269,897

$241,848

Q2-2019

$564,713

$304,635

$215,038

Q3-2019

$561,337

$307,411

$242,361

Q4-2019

$513,153

$364,823

$237,488

Q1-2020

$576,782

$303,345

$233,516

Q2-2020

$565,606

$364,329

$221,965

Q3-2020

$556,205

$363,672

$272,876

Q4-2020

$575,850

$335,363

$255,010

Q1-2021

$574,159

$320,242

$269,160

Average sales price for all closed sales, not accounting for seller concessions, in a given month.

Bronx County

Historical Average Sales Price by Quarter

$491,064 $269,897 $241,848 $576,782 $303,345 $233,516 $574,159 $320,242 $269,160

Single-Family Homes

Condos

Co-ops

Q1-2021

$491,064 $269,897 $241,848 $576,782 $303,345 $233,516 $574,159 $320,242 $269,160

Single-Family Homes

Condos

Co-ops

Year to Date

Q1-2019 Q1-2020 Q1-2021 + 5.6% + 12.4% - 0.5% + 17.5% + 17.5% - 0.5% + 12.4% + 5.6% Q1-2019 Q1-2020 Q1-2021 Q1-2019 Q1-2020 Q1-2021 Q1-2019 Q1-2020 Q1-2021 - 0.3% - 7.5% - 3.4% + 15.3% - 0.3% - 7.5% Q1-2019 Q1-2020 Q1-2021 + 9.0% - 3.4% + 15.3% Q1-2019 Q1-2020 Q1-2021 + 9.0% $0 $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 $700,000 Q1-2003 Q1-2005 Q1-2007 Q1-2009 Q1-2011 Q1-2013 Q1-2015 Q1-2017 Q1-2019 Q1-2021 Single-Family Homes Condos Co-ops

(11)

Percent of Original List Price Received

Q2-2018

95.7%

98.4%

96.5%

Q3-2018

96.2%

100.1%

96.9%

Q4-2018

94.9%

97.3%

96.7%

Q1-2019

94.7%

99.1%

95.5%

Q2-2019

95.5%

97.9%

95.6%

Q3-2019

95.7%

97.7%

96.9%

Q4-2019

94.9%

96.4%

97.2%

Q1-2020

94.7%

95.9%

95.3%

Q2-2020

96.6%

96.3%

Q3-2020

96.0%

98.1%

94.8%

Q4-2020

95.5%

93.8%

97.0%

Q1-2021

96.3%

95.8%

96.2%

Percentage found when dividing a property’s sales price by its original list price, then taking the average for all

properties sold in a given month, not accounting for seller concessions.

Bronx County

Historical Percent of Original List Price Received by Quarter

94.7%

96.3%

99.1%

95.9%

95.8%

95.5%

95.3%

96.2%

Single-Family Homes

Condos

Co-ops

Q1-2021

94.7%

96.3%

95.9%

95.8%

95.5%

95.3%

96.2%

Single-Family Homes

Condos

Co-ops

Year to Date

Q1-2019 Q1-2020 Q1-2021 - 0.1% - 3.2% + 1.7% 0.0% 0.0% + 1.7% - 3.2% - 0.1% Q1-2019 Q1-2020 Q1-2021 Q1-2019 Q1-2020 Q1-2021 Q1-2019 Q1-2020 Q1-2021 0.0% + 1.7% - 0.2% + 0.9% 0.0% + 1.7% Q1-2019 Q1-2020 Q1-2021 - 2.0% - 0.2% + 0.9% Q1-2019 Q1-2020 Q1-2021 - 2.0% 70.0% 80.0% 90.0% 100.0% 110.0% Q1-2003 Q1-2005 Q1-2007 Q1-2009 Q1-2011 Q1-2013 Q1-2015 Q1-2017 Q1-2019 Q1-2021 Single-Family Homes Condos Co-ops

(12)

Housing Affordability Index

Q2-2018

66

130

150 Q3-2018

63

120

138 Q4-2018

59

73

151 Q1-2019

63

124

154 Q2-2019

64

128

175 Q3-2019

64

116

148 Q4-2019

65

125

166 Q1-2020

63

119

163 Q2-2020

64

106

161 Q3-2020

66

111

148 Q4-2020

64

118

154 Q1-2021

66

122

147 Historical Housing Affordability Index by Quarter

This index measures housing affordability for the region. For example, an index of 120 means the median household income is 120% of what is

necessary to qualify for the median-priced home under prevailing interest rates. A higher number means greater affordability.

Bronx County

63

124

154

63

119

163

66

122

147 Single-Family Homes

Condos

Co-ops

Q1-2021

63

124

154

63

119

163

66

122

147 Single-Family Homes

Condos

Co-ops

Year to Date

Q1-2019 Q1-2020 Q1-2021 + 2.5% - 4.0% + 4.8% 0.0% 0.0% + 4.8% - 4.0% + 2.5% Q1-2019 Q1-2020 Q1-2021 Q1-2019 Q1-2020 Q1-2021 Q1-2019 Q1-2020 Q1-2021 - 7.4% - 12.7% + 5.8% - 9.8% - 7.4% - 12.7% Q1-2019 Q1-2020 Q1-2021 - 7.2% + 5.8% - 9.8% Q1-2019 Q1-2020 Q1-2021 - 7.2% 0 100 200 300 400 Q1-2003 Q1-2005 Q1-2007 Q1-2009 Q1-2011 Q1-2013 Q1-2015 Q1-2017 Q1-2019 Q1-2021 Single-Family Homes Condos Co-ops

(13)

Inventory of Homes for Sale

Q2-2018

227

82

274 Q3-2018

248

85

295 Q4-2018

196

91

267 Q1-2019

247

103

280 Q2-2019

261

116

304 Q3-2019

253

95

329 Q4-2019

218

87

289 Q1-2020

256

110

301 Q2-2020

254

116

304 Q3-2020

252

126

402 Q4-2020

181

133

363 Q1-2021

166

133

368 The number of properties available for sale in active status at the end of a given quarter.

Bronx County

Historical Inventory of Homes for Sale by Quarter

247

103

280

256

110

301

166

133

368 Single-Family Homes

Condos

Co-ops

Q1-2021

Q1-2019

Q1-2020

Q1-2021

+ 20.9%

+ 6.8%

- 35.2%

+ 3.6%

Q1-2019

Q1-2020

Q1-2021

+ 22.9%

+ 30.4%

+ 7.5%

+ 22.3%

Q1-2019

Q1-2020

Q1-2021

- 4.1%

0 100 200 300 400 500 600 700 Q1-2003 Q1-2005 Q1-2007 Q1-2009 Q1-2011 Q1-2013 Q1-2015 Q1-2017 Q1-2019 Q1-2021 Single-Family Homes Condos Co-ops

(14)

Months Supply of Inventory

Q2-2018

4.9

5.7

5.4 Q3-2018

5.5

6.1

5.9 Q4-2018

4.3

6.5

5.5 Q1-2019

5.5

6.9

5.9 Q2-2019

5.7

7.7

6.7 Q3-2019

5.4

5.9

7.3 Q4-2019

4.7

5.6

6.6 Q1-2020

5.6

7.7

7.4 Q2-2020

6.5

8.8

9.1 Q3-2020

6.0

9.7

11.6 Q4-2020

4.0

9.4

9.5 Q1-2021

3.3

7.7

8.1 The inventory of homes for sale at the end of a given quarter, divided by the average monthly pending sales from the last 4 quarters.

Bronx County

Historical Months Supply of Inventory by Quarter

5.5

6.9

5.9

5.6

7.7 _7.4

3.3

7.7

8.1 Single-Family Homes

Condos

Co-ops

Q1-2021

Q1-2019

Q1-2020

Q1-2021

0.0%

+ 11.6%

- 41.1%

+ 1.8%

Q1-2019

Q1-2020

Q1-2021

+ 22.2%

+ 38.0%

+ 25.4%

+ 9.5%

Q1-2019

Q1-2020

Q1-2021

+ 7.3%

0.0 10.0 20.0 30.0 40.0 50.0 Q1-2003 Q1-2005 Q1-2007 Q1-2009 Q1-2011 Q1-2013 Q1-2015 Q1-2017 Q1-2019 Q1-2021 Single-Family Homes Condos Co-ops

(15)

Total Market Overview

Key Metrics

Historical Sparkbars

Q1-2020

Q1-2021

Percent Change

_{YTD 2020 YTD 2021}

Percent Change

--Months Supply of Inventory

6.6

5.9 - 10.6%

--

--- 10.9%

Inventory of Homes for Sale

667

667 0.0%

--

--Housing Affordability Index

92

82 - 10.9%

92

82 + 7.8%

Pct. of Orig. Price Received

95.2%

96.2%

+ 1.1%

95.2%

96.2%

+ 1.1%

Average Sales Price

$393,315

$424,173

+ 7.8%

$393,315

$424,173

$437,500

+ 21.5%

Days on Market

91

78 - 14.3%

91

78 Median Sales Price

$360,000

$437,500

+ 21.5%

$360,000

370 + 32.6%

- 14.3%

Closed Sales

279

370 + 32.6%

279 Pending Sales

239

415 + 73.6%

239

415 + 73.6%

532 Bronx County

Key metrics for single-family homes, condominiums and co-operatives combined for the report quarter and for year-to-date (YTD) starting

from the first of the year.

New Listings

532

652 + 22.6%

556 563 437 562 631 578 428 532 ₃₇₁ 753 517 652 Q2-2018 Q4-2018 Q2-2019 Q4-2019 Q2-2020 Q4-2020 361 ₃₁₅ ₃₁₅ 297 347 342 279 ₂₃₉ 166 395 376 415 Q2-2018 Q4-2018 Q2-2019 Q4-2019 Q2-2020 Q4-2020 351 353 337 286 324 339 320 279 191 241 313 370 Q2-2018 Q4-2018 Q2-2019 Q4-2019 Q2-2020 Q4-2020 88 83 ₈₀ 86 76 78 75 91 81 89 78 78 Q2-2018 Q4-2018 Q2-2019 Q4-2019 Q2-2020 Q4-2020 Q2-2018 Q4-2018 Q2-2019 Q4-2019 Q2-2020 Q4-2020 96.5% 97.0% 95.9% _95.6% 96.0% 96.5% 96.1% 95.2% 96.5% 95.8% 95.8% 96.2% Q2-2018 Q4-2018 Q2-2019 Q4-2019 Q2-2020 Q4-2020 98 88 73 88 92 82 85 92 90 82 83 82 Q2-2018 Q4-2018 Q2-2019 Q4-2019 Q2-2020 Q4-2020 583 628 ₅₅₄ 630 681 677 594 667 674 780 677 667 Q2-2018 Q4-2018 Q2-2019 Q4-2019 Q2-2020 Q4-2020 5.2 5.8 5.1 5.9 6.4 6.2 _5.6 6.6 7.9 8.7 6.9 5.9 Q2-2018 Q4-2018 Q2-2019 Q4-2019 Q2-2020 Q4-2020 Q2-2018 Q4-2018 Q2-2019 Q4-2019 Q2-2020 Q4-2020