Inhabit by Corcoran

Manhattan's rental market has become more challenging than ever for home seekers. Pricing in Brooklyn reached a new record as well, with a median rent of $4,296 per month. But it’s important to note that the number of active listings

February sees fewer sales but less days on market. Brooklyn experienced its fifth straight month of inventory growth and rising prices.

Manhattan's luxury market remains active early in the year. Inventory continued to decline, average marketing times rose and average price per square foot increased versus 2025.

Contract activity slows for second consecutive month as co-op and sub-$1M sales decline. Inventory declines and price per square foot rises amid strong high-end activity.

Despite the drop in temperatures and rise in pricing, Manhattan’s rental market began 2026 with increased activity. Across the East River, Brooklyn’s rental market kicked off the year with its strongest January for signed leases since 2021.

Brooklyn contract activity declines in nearly all price segments. Inventory expands while pricing moves upward.

Contract activity moderates to start the year amid fewer co-op and sub-$1M sales. Listed inventory drops and price per square foot increases.

Manhattan's luxury market saw a solid start to the year. Inventory continued to decline, average marketing times fell, and average price per square foot rose versus 2025.