Manhattan Market Pulse: April 2026

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Manhattan Market Pulse: April 2026

Currently, the contract activity reached 1,077 signed contracts in March, increasing 29.8% from the previous month but remaining 3.3% below last year’s level. The median sale price stood at $1.24M, up 4.3% year over year. Manhattan supply currently stands at 6,295 listings, down 8.1% compared to the same period last year. Pending sales total 3,021 units, slightly down 1.6% year over year. As a result, based on the ratio between pending sales and supply, the  Continue Reading →

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Hochul’s Surprise Pied-à-Terre Tax Shakes NYC Real Estate

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Hochul’s Surprise Pied-à-Terre Tax Shakes NYC Real Estate

Governor Kathy Hochul blindsided the real estate industry with a last-minute proposal for an annual tax on New York City second homes worth over $5 million, leaving no time for organized pushback.

The key issue is its recurring nature. Unlike the 2019 one-time transfer tax, ongoing costs tend to weigh directly on property values, raising concerns across the luxury market.

Politically, however, the move is calculated. Hochul avoids raising income taxes while targeting a narrow ...

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Manhattan Market Pulse – February 2026

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Manhattan Market Pulse – February 2026

Contract activity reached 831 signed contracts in February, increasing 17.2% from the previous month but remaining 3.5% below last year’s level. The median sale price climbed to $1.28M, representing a 7.6% increase year over year. Manhattan supply currently stands at 5,682 listings on the market, a 9.6% decline compared to the same time last year. Pending sales total 2,921 units, up 4.7% year over year. Based on the ratio between pending sales and supply, the  Continue Reading →

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Manhattan Market Pulse – January 2026

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Manhattan Market Pulse – January 2026

Contract activity has risen 5.7% from the past month and 3.3% from this time last year, remaining 5% above typical seasonal levels. The median sales price for a Manhattan apartment is $1.17M, reflecting a 4.1% year-over-year increase. Supply, measured as the number of active listings, stands at 4,896 units, down 7.4% year over year. Pending sales have increased 8.5% compared to last year, signaling continued buyer engagement. As a result, the Market Pulse stands at 0.6, placing the market slightly towards the seller side but still in the neutral zone.

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