Q2 2025 NYC Market Report | Coldwell Banker Warburg

NYC

Q2 2025

Market Update

OVERVIEW

Manhattan

CLOSED SALES

The Manhattan market held firm in Q2 2025 with key

2,722

14.9% Year-to-Year -5.8% Quarter-to-Quarter -

DAYS ON MARKET

83

9.8% Year-to-Year 5.7% Quarter-to-Quarter

-

,

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 ,

DISCOUNT

4.4%

41% Year-to-Year -41% Quarter-to-Quarter -

INVENTORY

7,056

2.3% Year-to-Year 7.2% Quarter-to-Quarter

-

,

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.

+

MEDIAN PRICE

$1,234,750 3.6% Year-to-Year 4.5% Quarter-to-Quarter

+ +

MEDIAN $/SF

$1,434

2% Year-to-Year +4% Quarter-to-Quarter +

2

Featured Listing: 895 PARK AVENUE, 16/17/18A

COLDWELL BANKER WARBURG Q2 2025 NYC Market Report

1000

2000

Q 2

Q 2

20 25 Q 2

20 24 Q 2

20 23 Q 2

Q 2

Q 2

DAYS ON MARKET

Q 2

3000

20 24

2000

Q 2

4000

20 22

3000

Q 2

5000

20 20

4000

20 22

6000

20 21

5000

20 25

INVENTORY

20 21

CLOSED SALES

DISCOUNT (%) 5

70

4

65

3 60

2 55

1

20 25 Q 2

20 24 Q 2

20 23 Q 2

20 22 Q 2

Q 2

20 25 Q 2

20 24 Q 2

20 23 Q 2

20 22 Q 2

20 21 Q 2

20 21

0

50

MEDIAN PRICE $1,400,000

$1,200,000

$1,000,000

$800,000

Q2 2021

Q2 2022

Q2 2023

Q2 2024

Q2 2025

Upper East Side 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.

Featured Listing 1050 FIFTH AVENUE, PHA

4

RESALE CONDOS

Q2 2025

Q2 2025 V. Q1 2025

Q2 2025 V. Q2 2024

Median Sale Price

$1,635,000

-.6%

16.2%

Median $ / SF

$1,387

-1.5%

-1.9%

Days on Market

82

-5.2%

3.1%

Sales-to-List Ratio

93.3%

-1.54%

-1.14%

Absorption Rate

7.6

38.2%

0%

Inventory

420

9.1%

4.2%

RESALE CO-OPS

Q2 2025

Q2 2025 V. Q1 2025

Q2 2025 V. Q2 2024

Median Sale Price

$999,000

4.4%

-11.2%

Median $ / SF*

$949

3.5%

-3.2%

Days on Market

77

-1.3%

-13.5%

Sales-to-List Ratio

95.5%

.48%

-.22%

Absorption Rate

5.7

26.7%

-20.8%

Inventory

803

-.1%

-11.7%

RESALE TOWNHOUSES

Q2 2025

Q2 2025 V. Q1 2025

Q2 2025 V. Q2 2024

Median Sale Price

$6,735,749

-12.5%

-13.6%

Median $ / SF

$1,170

-29.4%

-25.2%

Days on Market

124

-48.5%

-44.6%

Sales-to-List Ratio

90.5%

2.1%

5.6%

Absorption Rate

18.4

25.2%

-30.6%

Inventory

82

-2.4%

-18.8%

* Includes reported co-op square footage data

Upper West Side 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

RESALE CONDOS

Q2 2025

Q2 2025 V. Q1 2025

Q2 2025 V. Q2 2024

Median Sale Price

$1,404,343

-1.4%

-23.3%

Median $ / SF

$1,468

-1.3%

-4.6%

Days on Market

45

-27.4%

-54.1%

Sales-to-List Ratio

97%

.96%

1.69%

Absorption Rate

5.7

29.5%

-12.3%

Inventory

376

5.6%

7.4%

RESALE CO-OPS

Q2 2025

Q2 2025 V. Q1 2025

Q2 2025 V. Q2 2024

Median Sale Price

$952,500

.3%

1.1%

Median $ / SF*

$1,052

-1.8%

-.1%

Days on Market

68

-1.4%

-15%

Sales-to-List Ratio

96.7%

.16%

.33%

Absorption Rate

4.6

48.4%

4.5%

Inventory

491

13.4%

2.1%

RESALE TOWNHOUSES

Q2 2025

Q2 2025 V. Q1 2025

Q2 2025 V. Q2 2024

Median Sale Price

$7,650,000

35.4%

32%

Median $ / SF

$1,208

15.7%

-11%

Days on Market

169

-28.4%

66.5%

Sales-to-List Ratio

86.4%

-1.38%

2.61%

Absorption Rate

11.7

-5.6%

14.7%

Inventory

39

2.6%

2.6%

.

,

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 appears on solid footing, with a stronger market backdrop than it faced at the start of the year.

Featured Listing 101 W 78TH STREET, 5B

* Includes reported co-op square footage data

Midtown

RESALE CONDOS

Midtown

GRAMERCY

hells kitchen

FLATIRON

chelsea

NOMAD

hudson yards

Stuytown

Kips Bay

Sutton Place

Turtle Bay

Murray Hill

Midtown continued its slow but steady recovery in Q2 with pricing trends remaining firm despite muted deal activity Contract

Q2 2025

Q2 2025 V. Q1 2025

Q2 2025 V. Q2 2024

Median Sale Price

$1,562,500

1.1%

-3%

Median $ / SF

$1,490

5.4%

0%

Days on Market

96

-2.5%

3.2%

Sales-to-List Ratio

94.3%

1.16%

-.565

Absorption Rate

9.7

18.3%

0%

Inventory

1,247

9.2%

3.4%

RESALE CO-OPS

Q2 2025

Q2 2025 V. Q1 2025

Q2 2025 V. Q2 2024

Median Sale Price

$683,500

-2.4%

-2.1%

Median $ / SF*

$880

1.3%

-1.1%

Days on Market

96

5.5%

-2%

Sales-to-List Ratio

95.3%

.48%

.3%

Absorption Rate

6.6

24.5%

-4.3%

Inventory

1,011

8.6%

1.1%

RESALE TOWNHOUSES

Q2 2025

Q2 2025 V. Q1 2025

Q2 2025 V. Q2 2024

Median Sale Price

$6,735,749

-12.5%

-13.6%

Median $ / SF

$1,170

-29.4%

-25.2%

Days on Market

124

-48.5%

-44.6%

Sales-to-List Ratio

90.5%

2.1%

5.6%

Absorption Rate

14.6

5.8%

-21.9%

Inventory

53

8.2%

-13.1%

,

,

.

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 continue to weigh on the overall pace, keeping Midtown more balanced than bullish.

Featured Listing 15 W 53RD STREET, 29BC

6

* Includes reported co-op square footage data

Downtown

RESALE CONDOS

EAST VILLAGE

Chinatown

West VILLAGE

FiDi/Civic Center

NOHO/SOHO

Battery Park

TRIBECA

Two Bridges

LOWER EAST SIDE

Seaport

NOLITA/Little Italy

Hudson Square

Downtown closed Q2 on solid footing with contract activity peaking in April before slipping slightly into June While signed deal

Q2 2025

Q2 2025 V. Q1 2025

Q2 2025 V. Q2 2024

Median Sale Price

$2,484,817

9.9%

38%

Median $ / SF

$1,746

-0.1%

15.1%

Days on Market

94

-5.1%

12.6%

Sales-to-List Ratio

94.7%

0.98%

0.25%

Absorption Rate

7.9

19.7%

-12.2%

Inventory

802

12.3%

3.9%

RESALE CO-OPS

Q2 2025

Q2 2025 V. Q1 2025

Q2 2025 V. Q2 2024

Median Sale Price

$1,115,000

13.2%

12.6%

Median $ / SF*

$1,338

13.1%

7.1%

Days on Market

90

16.9%

16.9%

Sales-to-List Ratio

95.2%

-1.46%

-1.61%

Absorption Rate

5.2

26.8%

0%

Inventory

420

2.4%

-8.3%

RESALE TOWNHOUSES

Q2 2025

Q2 2025 V. Q1 2025

Q2 2025 V. Q2 2024

Median Sale Price

$9,200,000

27.8%

10.2%

Median $ / SF

$1,946

2.4%

-6.8%

Days on Market

133

30.4%

-.7%

Sales-to-List Ratio

94.6%

1%

9.27%

Absorption Rate

10.2

8.5%

-21.5%

Inventory

64

-5.9%

-12.3%

,

.

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.

Featured Listing 275 W 10TH STREET, 5A

* Includes reported co-op square footage data

OVERVIEW CLOSED SALES

2,188

-23.5% Year-to-Year -17.8% Quarter-to-Quarter

Brooklyn 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 wellpriced 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. %

DAYS ON MARKET

57

+.9% Year-to-Year -12.3% Quarter-to-Quarter

DISCOUNT

3%

+37% Year-to-Year -101% Quarter-to-Quarter

INVENTORY

3,459

+4.7% Year-to-Year +8.4% Quarter-to-Quarter

MEDIAN PRICE

$999,000

+.4% Year-to-Year -3.5% Quarter-to-Quarter

MEDIAN $/SF

$746

-4.8% Year-to-Year -.2% Quarter-to-Quarter

8

As we enter the typically slower summer months Brooklyn ,

feels balanced: not too hot, not too cold, with leverage only

slightly favoring the sell side.

COLDWELL BANKER WARBURG Q2 2025 NYC Market Report

CLOSED SALES

INVENTORY

6000

12000 10000

4000

8000

2000

6000

DAYS ON MARKET

20 25 Q 2

Q 2

20 24

20 22 Q 2

Q 2

Q 2

20 20

20 25 Q 2

20 24 Q 2

Q 2

20 23

20 22 Q 2

20 21 Q 2

20 21

4000

0

DISCOUNT (%) 8

110 100

6

90

20 25 Q 2

20 24 Q 2

20 23 Q 2

Q 2

Q 2

20 21

20 25 Q 2

Q 2

Q 2

Q 2

Q 2

20 24

0 20 23

60

20 22

2

20 21

70

20 22

4

80

MEDIAN PRICE $1,200,000

$1,000,000

$800,000

$600,000

Q2 2021

Q2 2022

Q2 2023

Q2 2024

Q2 2025

Brownstone Brooklyn Brooklyn Heights

Park Slope

Cobble Hill

Fort Greene

Carroll Gardens

Clinton Hill

Boerum 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 CONDOS

Q2 2025

Q2 2025 V. Q1 2025

Q2 2025 V. Q2 2024

Median Sale Price

$1,431,000

-4.1%

-12.5%

Median $ / SF

$1,342

-2.2%

.5%

Days on Market

31.5

-39.4%

-14.9%

Sales-to-List Ratio

100%

2.38%

1.53%

Absorption Rate

3.4

70%

-20.9%

Inventory

106

8.2%

-6.2%

RESALE CO-OPS

Q2 2025

Q2 2025 V. Q1 2025

Q2 2025 V. Q2 2024

Median Sale Price

$890,000

-3.3%

-10.9%

Median $ / SF*

$1,208

7.5%

7%

Days on Market

29

-25.6%

-6.5%

Sales-to-List Ratio

100.4%

.36%

.17%

Absorption Rate

3.4

100%

61.9%

Inventory

105

-16.7%

2.9%

RESALE TOWNHOUSES

Q2 2025

Q2 2025 V. Q1 2025

Q2 2025 V. Q2 2024

Median Sale Price

$3,947,500

23.4%

10.8%

Median $ / SF

$1,212

8.3%

7.1%

Days on Market

61

-12.3%

68.1%

Sales-to-List Ratio

96.2%

.84%

-1.45%

Absorption Rate

3.3

22.2%

-29.8%

Inventory

119

16.7%

-9.2%

* Includes reported co-op square footage data

Northwest Brooklyn DUMBO

Downtown Brooklyn

GOWANUS

BROOKLYN NAVY YARD

RED HOOK

Northwest Brooklyn remained a steady performer this spring The area saw modest

RESALE CONDOS

Q2 2025

Q2 2025 V. Q1 2025

Q2 2025 V. Q2 2024

Median Sale Price

$1,380,000

38.3%

5%

Median $ / SF

$1,271

1.5%

7.1%

Days on Market

117.5

71.5%

139.8%

Sales-to-List Ratio

96%

-1.96%

-1.33%

Absorption Rate

6.8

65.9%

9.7%

Inventory

109

9%

23.9%

RESALE CO-OPS

Q2 2025

Q2 2025 V. Q1 2025

Q2 2025 V. Q2 2024

Median Sale Price

$515,000

-33.5%

-34.4%

Median $ / SF*

$809

-12.4%

-4.8%

Days on Market

101

21.7%

87%

Sales-to-List Ratio

96.6%

1.75%

-.47%

Absorption Rate

3.4

3%

17.2%

Inventory

19

0%

5.6%

RESALE TOWNHOUSES

Q2 2025

Q2 2025 V. Q1 2025

Q2 2025 V. Q2 2024

Median Sale Price

$2,995,000

48.8%

158.1%

Median $ / SF

$1,163

19.9%

588.2%

Days on Market

108

1.9%

-7.7%

Sales-to-List Ratio

92.9%

5.94

12.09%

Absorption Rate

5.5

77.4%

10%

Inventory

11

37.5%

57.1%

.

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. %

* Includes reported co-op square footage data

North Brooklyn 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. %

12

RESALE CONDOS

Q2 2025

Q2 2025 V. Q1 2025

Q2 2025 V. Q2 2024

Median Sale Price

$1,275,000

8.3%

.8%

Median $ / SF

$1,371

10.4%

.5%

Days on Market

38

-53.1%

-5%

Sales-to-List Ratio

98%

4.04%

-.38%

Absorption Rate

3.8

65.2%

11.8%

Inventory

120

3.4%

25%

RESALE CO-OPS

Q2 2025

Q2 2025 V. Q1 2025

Q2 2025 V. Q2 2024

Median Sale Price

$489,000

-7.7%

15.1%

Median $ / SF*

$1,301

55.4%

60%

Days on Market

80.5

-25.5%

21.1%

Sales-to-List Ratio

100.4%

3.5%

-2.8%

Absorption Rate

2.6

23.8%

-10.3%

Inventory

7

16.7%

-12.5%

RESALE TOWNHOUSES

Q2 2025

Q2 2025 V. Q1 2025

Q2 2025 V. Q2 2024

Median Sale Price

$1,562,500

-8%

-12.1%

Median $ / SF

$715

-8.8%

-8.7%

Days on Market

80

-14%

-9.1%

Sales-to-List Ratio

5900%

-.04%

-.31%

Absorption Rate

2.2

10%

10%

Inventory

73

1.4%

5.8%

* Includes reported co-op square footage data

Central/South Brooklyn BedStuy

Kensington

Crown Heights

Ditmas Park

Prospect Park South

Dyker Heights

Windsor Terrace

Central Southern Brooklyn saw a small

RESALE CONDOS

Q2 2025

Q2 2025 V. Q1 2025

Q2 2025 V. Q2 2024

Median Sale Price

$999,000

9.5%

.2%

Median $ / SF

$1,108

11.8%

9.7%

Days on Market

49

-23.4%

25.6%

Sales-to-List Ratio

98.6%

.94%

-.45%

Absorption Rate

3.9

44.4%

8.3%

Inventory

119

12.3%

19%

RESALE CO-OPS

Q2 2025

Q2 2025 V. Q1 2025

Q2 2025 V. Q2 2024

Median Sale Price

$717,370

24.2%

.3%

Median $ / SF*

$620

-.4%

-6.8%

Days on Market

34

-46.5%

13.3%

Sales-to-List Ratio

100.5%

2.76%

.51%

Absorption Rate

2.8

55.6%

-30%

Inventory

82

28.1%

-13.7%

RESALE TOWNHOUSES

Q2 2025

Q2 2025 V. Q1 2025

Q2 2025 V. Q2 2024

Median Sale Price

$1,620,000

5.2%

15.8%

Median $ / SF

$733

5.2%

7.7%

Days on Market

50

-25.4%

-20.6%

Sales-to-List Ratio

96.3%

1.66%

.3%

Absorption Rate

2.7

22.7%

0.0%

Inventory

284

20.9%

17.4%

/

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 neighborhoods. %

13

* Includes reported co-op square footage data

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©2025 Coldwell Banker Warburg. All Rights Reserved. Commentary and figures in this report are provided via UrbanDigs as of July 1st, 2025. While the information is deemed reliable, the accuracy of the information is not guaranteed based on material being reported at the end of each quarter. Coldwell Banker Warburg and the Coldwell Banker Warburg logo are trademarks of Coldwell Banker Real Estate LLC. The Coldwell Banker® System is comprised of company-owned offices which are owned by a subsidiary of Anywhere Advisors LLC and franchised offices which are independently owned and operated. The Coldwell Banker System fully supports the principles of the Fair Housing Act and the Equal Opportunity Act.