Market Insight
Buyers often assume that if an apartment has been sitting on the market for months, something must be wrong with it. In reality, while a “stale” listing can be a red flag, that is not always the case. Depending on the property and its price point, even a stale listing may represent a great deal, ...
The week of December 29, 2025 - January 4, 2026 was the slowest week for Manhattan residential real estate activity of the 2025 calendar year, likely due to the New Year's Eve and New Year's Day holidays falling in the middle of the business week. But while the number of contracts signed dipped s...
The year 2025 drew to a close with about 12,000 apartment sales recorded in Manhattan, an island with a population of about 1.66 million people. Perhaps this tiny fraction is not surprising; U.S. Census data shows that the homeownership rate in New York State is the lowest in the country, and New...
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In 2025, core New York City areas recorded just over 11,000 signed residential contracts: 44 percent condominiums, 54 percent co-ops and condops, and the remainder townhouses. If all properties sold at their last asking prices, total contract volume would exceed $25.5 billion. The overall average...
In 2025, core New York City areas recorded just over 11,000 signed residential contracts: 44 percent condominiums, 54 percent co-ops and condops, and the remainder townhouses. If all properties sold at their last asking prices, total contract volume would exceed $25.5 billion. The overall average...
It is roughly two full weeks into winter in the Northern Hemisphere, but the season is already off to a chilly start in New York City. Real-feel temperatures hovered around 0 degrees Fahrenheit the week before the winter solstice. While New Yorkers just missed out on a white Christmas, Central Pa...
On January 1, 2026, Zohran Mamdani was sworn in as the 111th (or possibly 112th) Mayor of New York City. Housing was a key component of his campaign platform, and he signed three executive orders related to housing on his first day in office. One was to revamp the Mayor's Office to Protect Tenant...
Between the Thanksgiving, Hanukkah, Christmas, and New Year's holidays, the last few weeks of the calendar year are a popular time to get together with friends and family. But between limited square footage and open floor plans that put dirty dishes on display, the modern New York City apartment ...
The year 2025 marked the centennial of Art Deco design. The now-iconic style was introduced to the world at the 1925 L’Exposition Internationale des Arts Décoratifs et Industriels Modernes in Paris. The exposition was attended by the likes of Irwin Chanin, the designer of The Century and The Maj...
The week of December 22-28, 2025 included the last night of Hanukkah, followed closely by the Christmas holiday on Thursday, December 25. As a result, it was a relatively quiet week for the New York City real estate market with Manhattan contracts down 47% week-over-week. However, December 2025 c...
December 2025 winds down with Q4 2025 on track to be the strongest fourth quarter for Manhattan sales activity since 2021. The week ending December 27, 2025 was one marked by the Christmas holiday, but one that recorded Manhattan residential sales that took place between Thanksgiving and Christma...
In New York State, buyers must contract with an attorney to close any real estate deal. When purchasing a new construction condo, contracting with an experienced real estate attorney is particularly important due to the fact that these purchases present unique risks to buyers and nearly always ta...
In New York City cooperatives, the ability to pay for an apartment is no guarantee of being able to acquire it. All prospective buyers must have their financials, work history, and personal lives vetted by a board that ultimately makes the decision of whether to accept or deny the application. Wh...
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Get To Know
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