As we enter 2026, let's take a comprehensive look at how the NYC real estate market closed out 2025 and what trends are shaping the year ahead.
Q4 2025 Market Highlights
Manhattan
- Median sale price: Remained stable with slight appreciation
- Inventory levels: Improved from historic lows
- Days on market: Competitive properties moving quickly
- Co-op vs. Condo: Co-ops (~75%) continue to dominate, condos (~10%) remain in demand
Brooklyn & Queens
- Strong buyer demand continues
- First-time buyers active in outer neighborhoods
- New developments attracting interest
The Bronx
- Affordability driving increased buyer interest
- Riverdale and Pelham Bay seeing appreciation
- Investment properties in demand
Rental Market Update
The FARE Act (effective June 2025) has reshaped the rental landscape:
- Increased transparency in fee structures
- More landlords listing directly
- Tenant representation growing
- Rental prices stabilizing in many neighborhoods
2026 Outlook
Key factors to watch:
- Interest Rates: Fed decisions will impact buyer purchasing power
- Inventory: Expected modest increases in available listings
- HDFC Market: Continued interest in affordable co-ops
- Hudson Valley: Hybrid work continuing to drive suburban interest
My Recommendations
For Buyers:
- Get pre-approved before searching
- Consider co-ops for better value
- Don't wait for "perfect" timing—find the right property
For Sellers:
- Price competitively from day one
- Invest in presentation and staging
- Be prepared for board package scrutiny
For Renters:
- Know your FARE Act rights
- Document everything in writing
- Start your search 60-90 days before move date
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Curious about your neighborhood's specific data? I provide complimentary market analyses for buyers and sellers.
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