Douglas Elliman releases the Newly Signed Contracts Report for February 2024. Newly signed contracts for all three property types increased year over year as new listings expanded. The surge in new listings is expected to spur additional contract signings beyond seasonal expectations in the coming months. Newly signed contracts above the $4 million threshold rose annually for the fourth time in five months. Although a small subset of the overall market, the newly signed contracts of 1-3 families surged significantly.
