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Market Insight

New York City’s residential closings were nearly flat in the first seven months of 2026, except for a few surprising micro-markets. This article explores where these micro-markets are located and why residential closings are surging in a few neighborhoods that previously weren't viewed as active ...
From October 5-11, 2026, 206 residential contracts were signed in Manhattan, a figure that represents both a week-over-week and year-over-year increase in the number of contracts signed. However, while the two highest-priced contracts of the week were both asking over $20 million, much of the wee...
New York state is putting on its annual autumn show, just not all at once. According to the fifth 2026 I LOVE NY Fall Foliage Report, this week, the Catskills are largely at peak color (as videos of New Yorkers packed onto Metro North trains show), along with portions of the Adirondacks and centr...
 
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...
New York City is interesting for its integration between what was, what is, and what’s next. Even as glassy new developments go up with open layouts, warm material palettes, and lofty proportions that nod to our industrial past, one defining detail remains difficult to replicate: exposed brick. F...
Who needs a holiday weekend getaway when New York City is serving up Warhol, wonderfully wild sculpture, light-bending installations, and 85 artists opening their studio doors? This weekend, get personal with Warhol at the Whitney, see Lynda Benglis bend the rules of sculpture at Pace, and let Ra...
The vast majority of condos and coops in New York City own the land on which they were constructed. In the case of land-lease buildings, the land isn't owned by the building (or more precisely, by its owners or shareholders) but leased from a third party. Unlike other rental arrangements, which o...
The typical New York resale apartment that signed a contract this summer spent 76 days on the market, and only one in seven found a buyer within a month. But some listings barely got their photos posted. We combed through 3,389 contracts signed between June 21 and September 22, 2026, set aside ne...
From September 29 - October 6, 2026, nearly 300 condos, co-ops, condops, and townhouses in core New York City areas experienced price reductions, up slightly week over week. But while a few multi-million-dollar reductions took place at the high end of the market, the vast majority of last week's ...
At the beginning of October 2026, the Mamdani administration and the Department of City Planning announced the 12 community districts in the five boroughs that produced the lowest number of affordable housing units in the past five years. This is part of the Affordable Housing Fast Track, which w...
Sales have begun at 20 West 15th Street, a slender ground-up condominium located at the nexus of Greenwich Village and the Flatiron District. A boutique hotel was once planned for this vibrant area; but in a statement about the condo his firm developed instead, Aksel America founder and managing ...
Co-ops have dominated New York City housing since the early 20th century, and they still account for about half of Manhattan closings. But the case for the co-op is being tested. Condos have pulled ahead on amenities, aging co-op buildings face rising facade and Local Law 97 costs, and this summe...
On the week ending October 2, 2026, 189 residential apartment sales were recorded in Manhattan. This represented a week-over-week drop of over one-third in the number of sales logged, and reflects deals that took place as contract signings started to slow earlier this summer. However, as late-rec...

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