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Market Insight

As New York City’s spring market picks up, buyers are returning with their usual priorities. Location and space is high on the list, but so is practicality. Larger apartments are drawing attention from those ready to upgrade, yet in today’s market, value still matters. Price per square foot, mont...
From March 30 - April 5, 2026, 244 residential real estate contracts were signed in Manhattan, with 35 units asking over $3.9 million. This time frame included the first night of Passover on April 1 and Easter on April 5, which could possibly account for the small week-over-week dip in the number...

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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...
Easter falls on Sunday, April 5 this year, at the peak of cherry blossom season, and a long-standing tradition will take place on Fifth Avenue. The Easter Parade and Bonnet Festival began in the 1870s as an informal gathering outside of St. Patrick's Cathedral, where celebrants would stroll Fifth...
As New York City continues to grapple with a significant housing shortage—the city is currently facing the lowest vacancy rate in six decades—there is an urgent need to build more housing and to do so now. In early January, Governor Kathy Hochul unveiled a sweeping housing reform package called ...
A new condo tower is gearing up for a sales launch at 842 Sixth Avenue, which will bring 94 condo units and ground-floor retail to the edge of Midtown South's Flower District, just below Herald Square. Designed by Isaac & Stern Architects and developed by Pro-H Development, the building has toppe...
From March 24-30, 2026, over 200 condos, co-ops, condops, and townhouses in core New York City areas experienced price reductions. These included a number of penthouses and luxury listings; however, the multi-million-dollar price cuts are not necessarily a sign of distress, but rather of high-end...
A two-bedroom co-op on the Upper West Side has a windowed kitchen, generous closet space, an address near Central Park, and an asking price of under $800K. An April Fool's joke listing? Is it haunted or the former scene of a crime? No to all - this is a Housing Development Fund Corporation (HDFC)...
Record-breaking penthouse sales have been unfolding across New York City in recent months, from Astoria to the Upper East Side to Williamsburg. In Manhattan, the $89.5 million penthouse at 1122 Madison Avenue set a new Upper East Side condominium record, both in total price and price per square f...
On the fourth full week of March 2026, both the number of Manhattan residential apartment sales recorded and aggregate dollar amount ticked up slightly week-over-week, led by eight sales that closed for over $10 million. The majority of sales activity took place at a low for Manhattan price range...
From March 23-29, 2026, 262 residential contracts were signed in Manhattan, with 38 apartments and townhouses asking over $3.9 million. This marked a significant week-over-week increase, not to mention a small year-over-year uptick in the number of contracts signed, though the aggregate dollar am...

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