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Market Insight

The second full week of March 2025 saw a surge in high-priced contracts across Manhattan, totaling nearly $650 million in residential deals—the highest weekly dollar volume in over a year. Leading the pack were homes in the city's tallest towers, most exclusive co-ops, and most luxurious penthous...

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Pricing based on the past 12 month sales
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New York City's residential apartment market is always evolving, with some neighborhoods maintaining their dominance while others experience notable shifts. In the condo market, Downtown neighborhoods remain among the most expensive, despite a slight decline in price per square foot year-over-yea...
If you're a first-time homebuyer, you might assume that the first step is finding a few desirable listings and attending open houses. In fact, before you start viewing properties or connecting with agents, you should first get prequalified and, better yet, preapproved for a mortgage.
In 2022, over 1,700 condo units were launched in Manhattan, and another 1,500 units are projected to launch through this year and into 2024. In addition to the current activity in Manhattan, new developments continue to launch in Brooklyn and Queens. As a result, if you’re currently looking to b...
In May 2024, New York State Senator Liz Krueger and Assemblywoman Linda Rosenthal introduced legislation that would limit massive fee spikes in land-lease buildings, also known as ground-lease. Such listings frequently attract attention for their low sticker prices, but the money saved could very...
In 2024, Manhattan's apartment sales experienced a modest 3% increase in number of transactions compared to the previous year, while total sales by dollar amount value remained steady at just under $22 billion. This figure falls below the 10-year average of $26.9 billion, indicating a softer mark...
Amidst the reckoning that took place across the country in mid-2020, the phrase "master suite" has gradually gotten phased out of real estate listings in favor of less fraught terms like "primary suite" or "main bedroom." But while the name is changing, the definition has not: It refers to the la...
Spring is a time of renewal and change, a theme that is playing out along Central Park South. After over 500 collisions between pedestrians and cyclists between 2018 and 2022, work is set to begin on an overhaul of the South Loop on Monday, March 17. West Side Spirit notes that the immediate goal...
New York City is known around the world as a home for apartment dwellers, but this phenomenon is a relatively new one. About 100 years ago, Manhattan's most affluent had grand townhouses and mansions built, while multi-family dwellings were the domain of the less affluent. As time passed, though,...
Spring can’t come fast enough for most New Yorkers — and honestly, who could blame them? Old Man Winter is probably plotting a few more chilly surprises, but the spring equinox is officially arriving on Thursday, March 20, at exactly 5:01 a.m. That’s the moment the sun hovers directly over the eq...

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