With the majority of Q2 2025 sales data now in, Manhattan’s residential market remains resilient. The number of projected sales for the quarter is expected to reach over 3,250 condo and co-op closings, an increase of 5% year-over-year from the 3,115 closings reported in Q2 2024. While activity has tapered slightly following a robust first quarter, the first half of 2025 has still seen a 12% increase in total sales compared to the same period in 2024, driven by an 18% jump in condo transactions.
To the dismay of many New Yorkers, median prices have also risen, up 8% in the first half of the year compared to the first half of 2024. Average price gains have been especially sharp in Manhattan on Central Park West, bolstered by closings at 50 West 66th Street, and in Brooklyn neighborhoods such as Windsor Terrace, Williamsburg, and Bedford-Stuyvesant.
For Q2 alone, condo closings are projected to be up 10% year-over-year, while co-op sales are up a more modest 3%. As we await the final quarterly figures, below are the median sale prices recorded over the first half of the year across 14 New York City neighborhoods. Percent changes shown compare the first half of 2025 to the first half of 2024.
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