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Market Insight

In the first quarter of 2026, Manhattan’s apartment contracts totaled $6,906,075,016 in ask volume across 2,575 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 pattern,...
From April 1-7, 2026, fewer than 200 condos, co-ops, condops, and townhouses in core New York City areas experienced price reductions. This is a marked week-over-week dip in the number of price reductions, but it must be noted that Easter, Passover, and spring break for New York City schools all ...
In April 2026, Grammy Award-winning singer Mariah Carey's Tribeca penthouse at Franklin Tower hit the market for $27 million. She has owned it since 1999, when she was rejected in her bid to buy Barbra Streisand's former penthouse at The Ardsley. From there, she bought two apartments at Franklin ...

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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...
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...
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)...

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