83 DAYS ON MARKET -9 8% Year-to-Year -5.7% Quarter-to-Quarter
4.4% DISCOUNT
7,056 INVENTORY
$1,234,750 MEDIAN PRICE
$1,434 MEDIAN $/SF
The Manhattan market held firm in Q2 2025, with key pricing and pace metrics pointing to overall resilience
Median sale price rose nearly 3% from the previous quarter, and sellers retained 95.7% of their asking price, slightly stronger than earlier in the year. Time on market also improved significantly, falling to 63 days, a nearly 39%
drop. These figures reflect the strength of deals signed in late winter and early spring when conditions were more favorable to sellers.
Beneath these solid numbers, however, more current indicators suggest the landscape became increasingly challenging as the quarter progressed Contract activity has come in light this year, with the gap between present and typical seasonal levels slowly widening. At the same time, the ratio of deals signed to listings removed from the
market, a proxy for market sentiment, has cooled meaningfully since March. Together, these trends suggest a summer environment where buyers may have more room to negotiate, even as closed sale prices remain elevated.
+2% Year-to-Year +4% Quarter-to-Quarter FeaturedListing: 895 PARK AVENUE, 16/17/18A
Q22022 Q22023 Q22024 Q22025
Q22021 Q22022 Q22024 Q22025
UpperEastSide
Upper East Side
Lenox Hill
Carnegie Hill
Yorkville
The Upper East Side remained strong in Q2, with pricing increasing across all segments, particularly in the luxury tier. Listing discounts narrowed notably, and median time on market dropped by 11%. While market conditions cooled from the early spring’ s peak in March, the neighborhood saw a productive finish to the spring season, outperforming the broader Manhattan market in contract activity as buyers remained engaged through the end of the quarter.
FeaturedListing
1050 FIFTH AVENUE, PHA
RESALE
UpperWestSide
Lincoln Square
UpPer West Side
Manhattan Valley
The Upper West Side saw decent spring activity, with contract signings peaking in March and April before easing in May and
June. Market conditions remained favorable
through most of Q2, offering sellers meaningful leverage, but even as pricing held relatively firm, climate indicators cooled into more neutral territory by quarter ’ s end. Heading into summer, the Upper West Side
app
the year.
RESALE CO-OPS
p than it faced at the start of
FeaturedListing
101 W 78TH STREET, 5B
RESALE
Midtown
Midtown
hells kitchen
chelsea
hudson yards
Kips Bay
Turtle Bay
GRAMERCY FLATIRON
NOMAD
Stuytown
Sutton Place
Murray Hill
Midtown continued its slow but steady recovery in Q2, with pricing trends remaining
firm, despite muted deal activity. Contract
volume trailed other major neighborhoods, and market climate readings hovered near the more challenging end of the spectrum for most of the quarter. While motivated buyers are still
transacting, lingering caution and concerns cont
ue to weigh on the overall pace, keeping Midtown more balanced than bullish.
RESALE CO-OPS
FeaturedListing
15 W 53RD STREET, 29BC
RESALE TOWNHOUSES
RESALE
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 closed Q2 on solid footing, with
contract activity peaking in April before slipping slightly into June. While signed deal
volume generally trailed historical norms, it stayed within a productive range. The listing environment, however, became progressively more challenging, with the climate index fading from a strong March to a more neutral tone by
June. As the summer unfolds, pricing strategy and product quality will play an increasingly important role.
FeaturedListing
275 W 10TH STREET, 5A
RESALE
2,188 CLOSED SALES
57 DAYS ON MARKET
3% DISCOUNT
Brooklyn closed out the spring season on steady footing.
While the number of closed sales remains light due to the
usual lag in recording, other metrics tell a clearer story.
Time on market improved again, falling to 57 days, and listing discounts narrowed to just 3%, suggesting that well-
priced listings continued to find traction. Sellers still held the upper hand in many negotiations, especially early in the
quarter. But activity never quite reached full throttle.
Contract signings ran below seasonal averages, and by late
spring, the pace of deals had begun to taper off. Real-time
indicators of market sentiment show that the environment for sellers became gradually more challenging as the quarter
progressed Even so, pricing held up, and buyers stayed active for the right homes.
, B
ookly
3,459 INVENTORY
$999,000
$746 MEDIAN $/SF
feels balanced: not too hot, not too cold, with
BrownstoneBrooklyn
Brooklyn Heights
Cobble Hill
Carroll Gardens
Boerum Hill
Park Slope
Fort Greene
Clinton Hill
Prospect Heights
Brownstone Brooklyn continued to hold its place as a top performer in the borough.
Median prices rose 6.6% from last quarter, and average price per square foot ticked higher.
Sellers saw the lowest median discount in
Brooklyn at just 2.2%, signaling alignment between pricing and demand Buyers are still
showing up for classic townhomes and character-rich listings in neighborhoods like
Park Slope and Carroll Gardens.
RESALE
RESALE
NorthwestBrooklyn
DUMBO GOWANUS
RED HOOK Downtown Brooklyn
RESALE
Northwest Brooklyn remained a steady performer this spring. The area saw modest
quarter-over-quarter price gains and a notable improvement in listing pace, with days on
market dropping by over 30%. Listing discounts
remained tight, underscoring solid buyer engagement. While volume was off slightly from last quarter, pricing resilience suggests that the market remains healthy.
RESALE
NorthBrooklyn
Williamsburg
greenpoint
bushwick
North Brooklyn posted the highest median
price gains in the borough, driven by strong
performance in the condo segment. Days on
market fell by nearly 40%, and listing discounts
tightened, pointing to sustained demand. Even
as the pace of new sales moderated, sellers in
this area continued to benefit from pricing
power, especially for well-located properties in
Williamsburg and Greenpoint.
RESALE
Central/SouthBrooklyn
BedStuy
Crown Heights
Prospect Park South
Windsor Terrace
RESALE
Kensington
Ditmas Park
Dyker Heights
Central/Southern Brooklyn saw a small
quarterly dip in median sale price but still
posted a 7.5% annual gain, reflecting broader
strength in the entry-level and mid-market segments. Time on market improved slightly, and listing discounts held firm. The area
remains price sensitive, with well-priced listings
continuing to transact quickly, especially in areas offering value relative to nearby
