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New York City CRE Sales Reach $11B in H2: REBNY

The Real Estate Board of New York (REBNY), the City’s leading real estate trade association, today reported that broker confidence rebounded in the last quarter of 2020, after three consecutive record lows, as the COVID-19 vaccine continues to roll out throughout the City and State.

According to REBNY’s Q4 2020 Quarterly Real Estate Broker Confidence Index, the current real estate broker confidence index is 4.35 out of 10, a 41% increase since its lowest point on record in the previous quarter.

Additionally, the future broker confidence index is 5.07, a 44% increase from the third quarter of 2020 – signaling that brokers feel the market has already bottomed out and is beginning its slow road to recovery.


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