NYC Residential Rental Market Report: February 2025
In February, Manhattan's rental market experienced one of the lowest vacancy rates in three years. Brooklyn's rental market also experienced lower-than-usual February lease numbers while available inventory experienced its first annual decline in nearly three years.
Manhattan $5M+ Luxury Sales: February 2025
February 2025 had 85 contracts over $5M, up 29% year-over-year, the third strongest February in 10 years. New development contracts asking over $5M more than doubled annually.
Manhattan Condo & Co-Op Sales: February 2025
In January 2025, Manhattan sales increased 2% year-over-year to a three-year January high of 804 contracts. This was the fifth consecutive month that sales rose year-over-year, but the least significant annual percentage gain since August 2024.
Brooklyn Condo & Co-Op Sales: February 2025
The second month of 2025 was Brooklyn's most active February in three years.
Long Island City & Astoria Market Report: 2H 2024
Inventory rose by significant margins in LIC and Astoria through the latter half of 2024.
NYC Residential Rental Market Report: January 2025
Manhattan renters faced a challenging market as we entered 2025. The Brooklyn rental market also kicked off the new year on a relatively subdued note.
Manhattan Condo & Co-Op Sales: January 2025
In January 2025, Manhattan sales increased 2% year-over-year to a three-year January high of 804 contracts. This was the fifth consecutive month that sales rose year-over-year, but the least significant annual percentage gain since August 2024.
Brooklyn Condo & Co-Op Sales: January 2025
Inventory growth promotes strongest January in three years. Pricing holds steady amid limited negotiability.
Manhattan $5M+ Luxury Sales: January 2025
Manhattan luxury sales continue to increase as inventory falls. Days on market fell year-over-year and average price per square foot declined versus 2024.