Inhabit by Corcoran

Brooklyn condo and co-op sales fell 11% YoY in June 2025, while prices rose amid a continued dip in inventory.

Manhattan luxury contracts rise as inventory drops. Days on market fell versus 2024 and average price per square foot increased annually.

Despite all that’s happening in the world, Manhattan proved its staying power in second quarter. Sales climbed to multi-year highs, with over 3,250 closings, more than $7 billion in sales volume, and a fifth consecutive annual increase in signed contracts.

In May, Manhattan leasing activity declined on an annual basis, while available inventory remained below typical seasonal levels. Meanwhile in Brooklyn, signed lease activity declined year-over-year, reaching the lowest May total in three years.

The market slowed versus last year amid shifting market dynamics. Inventory dips for first time in a year.

Manhattan contract activity declines and average days on market falls. Average price per square foot displays uptick despite more negotiability.

Manhattan luxury contracts dip as inventory declines. Days on market fell versus 2024 while average price per square foot remained level.

In April, the median Manhattan rent again reached an all-time high of $4,800 per month, while the amount of inventory dropped on an annual basis for the eighth consecutive month. Over in Brooklyn, the median rent also continued to rise.

Manhattan luxury contracts rise and inventory declines. Days on market and average price per square foot fell versus 2024.