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Market Insight

Governor Kathy Hochul has just released new details about her pied-a-terre tax proposal, announcing that it will apply to an estimated 10,000 second homes and raise $500 million in annual revenue. The real estate industry and some of New York's wealthiest have come out in opposition to the plan, ...
In recent years, Queens has seen an influx of new construction in transit-friendly neighborhoods like Long Island City and Astoria, as well as further afield, with high-end interiors and well-thought amenity packages, but prices more attainable to a typical buyer. Public transportation options an...
On Sunday, May 11, the New York Knicks swept the Eastern Conference semi-finals and advanced to the finals for the second year in a row. The other Eastern Conference series is still underway (the Cleveland Cavaliers leading 3-2 over the Detroit Pistons) with Game 6 scheduled for Friday, May 15, w...

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In the first quarter of 2026, Manhattan’s apartment contracts totaled $6,906,075,016 in ask volume across over 2,500 deals, with the average asking price coming in at $2.681M and an average of $1,709 per square foot. The buildings that accounted for the most activity tend to follow a familiar pa...
From May 5-11, 2026, over 300 condos, co-ops, condops, and townhouses in core New York City areas experienced price reductions. This is a noticeable week-over-week increase in the number of price cuts, and took place at a time when some would hope to close a deal ahead of the Memorial Day weekend...
Jersey City has become one of the region’s most compelling rental markets, not because it offers one single lifestyle, but because it offers several very different versions of city living within the same city. Renters can choose a PATH-connected high-rise in Journal Square, a quieter side-street ...
Earlier today, the Landmarks Preservation Commission reviewed an application to alter 675 Hudson Street, a former factory in the Gansevoort Market Historic District, in preparation for a New York outpost of posh London members club Annabel's. A presentation by BKSK Architects details that this wi...
In a small week-over-week increase, 196 residential apartment sales were recorded in Manhattan on the week ending May 9, 2026. New development condos accounted for the majority of the highest-priced sales of the week.
From May 4-10, 2026, 255 residential contracts were signed in Manhattan. This represents a small week over week increase as well as a nine percent year-over-year increase from the same week. The aggregate dollar amount rose slightly week-over-week, but was down by a small amount year-over-year.
Outside New York City, if you're buying a home, you'll almost certainly undergo a home inspection prior to closing the deal. In New York City, unless you're buying a townhouse or any other type of single-family home, duplex, or triplex, home inspections are often skipped. Still, this doesn't mean...
For more than a century, the Flatiron Building has stood at the meeting point of Broadway, Fifth Avenue, and 23rd Street, turning one of Manhattan’s most awkward parcels into one of its most recognizable silhouettes. Completed in 1902 as “The Fuller Building” for its developer-builder and designe...
About 100 years after Joseph Pilates opened his first studio in New York City, the low-impact, core-centered workout he invented (and originally dubbed "contrology") is having a moment. Pilates classes have been the most booked globally for three consecutive years on ClassPass, with reservations ...

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