Manhattan’s second quarter wrapped up on a promising note, with annual increases in both supply and demand.
Market Reports
By any measure, New York’s rental market is extremely active — and the city is on the move.
Strong co-op activity resulted in Brooklyn’s strongest month in a year.
Days on market and average price per square foot both decreased compared to last year.
In May 2024, contract activity moderated alongside days on market.
In April, Manhattan luxury sales and inventory increased versus last year.
Sales increased year-over-year for the third time this year and displayed the largest annual percentage gain since January.
At just under 350 sales, the number of signed contracts was the second highest since June 2023.
The median rent in Manhattan continued to break records, reaching a new all-time high.