Manhattan closed the year on a quietly steady note, despite the noisy mayoral election headlines. As expected, activity pulled
back into the usual year-end lull, but prices largely held their ground. The median sale price eased slightly from the prior
quarter to roughly $1.15M, while price per square foot was essentially flat, evidence that the quarter ’ s moves were more
about mix and seasonality than a broad shift in value. Inventory
contracted as sellers deferred listings for spring, and that tighter
supply helped prevent a wholesale softening even as buyers
took more time to decide.
What’ s notable is how the market is sorting itself. Well-priced, standout inventory continued to transact, while more marginal listings took longer to trade, a distinction further contrasted across the luxury divide. Time on market increased from Q3 but remained similar to last year ’ s pace, and listing discounts ticked up only modestly, hinting at contained negotiation. In short, Manhattan ’ s firmer footing, namely disciplined supply and steady pricing, augurs a productive spring season, albeit one in which well-priced, well-presented listings will transact apace, while weaker inventory will likely linger.
FeaturedListing: 322 EAST 57TH STREET, 12/13B
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UpperEastSide
Upper East Side
Lenox Hill Carnegie Hill
The Upper East Side closed the year as one of Manhattan ’ s more reliable pockets. Co-ops and townhouses carried the quarter, with coops showing clear year-over-year strength and townhouses lifted by a small number of highend trades. Resale condos were softer on a
median basis but still moved when priced
correctly. Faster selling times and solid sale-tolist behavior for the right listings indicate that demand here favors quality and presentation over volume
FeaturedListing
580 PARK AVENUE, 10A
UpperWestSide
Lincoln Square
UpPer West Side
Manhattan Valley
The Upper West Side felt uneven in Q4.
Condo medians pulled back on the quarter, but selling behavior for well-positioned units
remained robust, a reminder that headline
drops often reflect unit mix and sample size.
Co-ops showed modest gains and steady interest, while townhouse metrics were
volatile due to their idiosyncratic nature.
Overall, the neighborhood continues to
reward careful pricing and clean inventory.
RESALE
FeaturedListing
132 WEST 73RD STREET
Midtown
Midtown hells kitchen
chelsea hudson yards
Kips Bay Turtle Bay GRAMERCY FLATIRON NOMAD
Stuytown
Sutton Place
Murray Hill
Midtown offered a mixed picture. Condos bounced back on the quarterly and price per square foot strengthened, yet marketing
times stretched, suggesting renewed buyer selectivity. Co-op sales were relatively steady, perhaps finding their value-seeking audience, while townhouses reflected the usual noise of a small-sale market. In short, Midtown is balanced but tentative, and while it’ s strong for standout product, it’ s
indifferent to the rest.
RESALE
FeaturedListing
15 WEST 53RD STREET, 46AF
EAST VILLAGE
West VILLAGE
NOHO/SOHO
TRIBECA
LOWER EAST SIDE
NOLITA/Little Italy
Chinatown
FiDi/Civic Center
Battery Park
Two Bridges Seaport Hudson Square
Downtown continued to show meaningful
pockets of strength, particularly among higher-quality condos where buyers continue
to pay for location and finishes. Price-per-foot
measures were softer in places, a likely function of deal mix, but demand for well-
located inventory appears perpetually durable.
Co-ops held their ground with limited discounting, and townhouses posted healthy
annual gains in a local market defined by quality rather
CLOSED SALES
2,115
-21.9%Year-to-Year
-32.4%Quarter-to-Quarter
59 DAYS ON MARKET
+5.4%Year-to-Year
+22.9%Quarter-to-Quarter
3.25% DISCOUNT
-0.22%Year-to-Year
+0.82%Quarter-to-Quarter
3,026 INVENTORY
+4.1%Year-to-Year -17.1%Quarter-to-Quarter
MEDIAN PRICE
$995,000
0%Year-to-Year
-7%Quarter-to-Quarter
MEDIAN $/SF
$722
+1.7%Year-to-Year
Brooklyn ’ s year-end profile was marked by flashes of resilience amid external market challenges, tempered by internal seasonality. The borough’ s median price settled near $995k for the quarter, down from the previous quarter but unchanged year-over-year, while price per square foot softened on the quarter but improved year-over-year. In typical seasonal fashion, inventory and new listings pulled back into winter, and marketing times lengthened modestly. Sale-to-list outcomes remained healthy, and
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BrownstoneBrooklyn
Brooklyn Heights
Cobble Hill
Carroll Gardens
Boerum Hill Park Slope
Fort Greene Clinton Hill Prospect Heights
Brownstone Brooklyn finished the year on stable footing. Condo price-per-square-foot gains and near-perfect sale-to-list outcomes point to a robustly competitive market for
character properties. Moreover, inventory is thin, and that scarcity is supporting execution. Co-ops and townhouses showed mixed but generally constructive trends, reinforcing B
RESALE
NorthwestBrooklyn
DUMBO GOWANUS RED HOOK Downtown Brooklyn BROOKLYN NAVY YARD
The Northwest/Downtown corridor was the
most mixed part of Brooklyn, with per-squarefoot performance holding up even as median prices drifted. Condos showed strength in price-
per-foot, but longer marketing times hint at
increasingly selective buyers. Co-ops saw pockets of vigor while the more individual
townhouse market reflected volatility. Overall,
the corridor ’ s story mirrors the lilypad activity
seen in Brooklyn recently, with clear winners where product matches buyer priorities and significantly slower trades elsewhere.
RESALE
NorthBrooklyn
Williamsburg
greenpoint bushwick
North Brooklyn remained a steady engine for
condos, with the resale condo market showing
healthy demand and strong sale-to-list
outcomes. Co-ops recorded encouraging
activity, though with some volatility in
marketing times, and townhouses softened
modestly on the quarter. The neighborhood
continues to trade as a relatively tight market, meaning that when the right product hits the
market, it gets attention.
Central/SouthBrooklyn
BedStuy
Crown Heights
Prospect Park South
Windsor Terrace Kensington
Ditmas Park Dyker Heights
Central and Southern Brooklyn reflected a
clearer seasonal step-down, with headline
medians easing on the quarter. Yet sale-to-list
behavior remained robust, and absorption
metrics show that properly priced homes still
move briskly. The quarter ’ s softness looks
more compositional than structural, with
demand for value and a willingness to transact when sellers meet the market
