Market overview
The contract settles on the listed range containing the median home value in New York City on December 31.
The available value bands are <$445K, $445K - $458K, $458K - $471K, $471K - $484K, $484K - $497K, $497K - $510K, and $510K+.
The exact metric, reference period, source, rounding method, and treatment of range boundaries are documented in the Resolution Rules below.