The Manhattan Market Pulse – May 2025

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The Manhattan Market Pulse – May 2025

The Contract activity, or the number of signed contracts, is up 13.4% year over year, the same as the monthly historical average, with 1,089 closed contracts.

The median sales price for a Manhattan apartment is $1.19M, reflecting a 5.8% increase compared to a year ago.

The supply, or the number of units available on the market, is really close to last year’s, as it has decreased by just 1% annually.

Meanwhile, the number of pending sales in Manhattan has risen 25.6% yearly.

The Market ...

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Miami’s Cash Home Sales Decline but Remain Historically High

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Miami’s Cash Home Sales Decline but Remain Historically High

Cash buyers are stepping back from Miami’s real estate market after their pandemic-era shopping spree. In 2024, about 38% of Miami-area homes were purchased with cash, down from 42% in 2023, according to recent data. While the decline signals a shift, the share of cash transactions remains historically high both in Miami and nationwide.

A Redfin analysis shows that across the U.S., the percentage of cash home purchases dropped to just under one-third last year, the lowest ...

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The Manhattan Market Pulse: February 2024

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The Manhattan Market Pulse: February 2024
The Contract Activity, the number of signed contracts, for the month of January is up 19.4% compared to a year ago and down 6% compared to the monthly historical average.

The Median Sales Price for a Manhattan apartment is $1.13M, which is 5.3% higher than a year ago.

The Supply, the number of units on the market, is down 4.3% compared to the same period of February 2023. Meanwhile, the number of Pending Sales, or the number of units currently in contract, is 43% higher than a year ago.

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The Manhattan Market Pulse: January 2024

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The Manhattan Market Pulse: January 2024

What’s going on in the Residential Market? 

The contract activity, the number of signed contracts, for the month of December is down 4.9% compared to a year ago and also down 18% compared to the monthly historical average.

The Median Sales Price for a Manhattan apartment is $1.16M, and it’s 3.2% up compared to a year ago.

The supply, the number of units on the market, is down 2.9% compared to the same period of January ...

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10 NYC Neighborhoods to Watch in 2024

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10 NYC Neighborhoods to Watch in 2024

StreetEasy’s ranking of NYC neighborhoods to watch in 2024 suggests that Queens was the top destination in 2023 among renters and buyers seeking affordability. The borough’s popularity was driven by a recent surge in developments.

However, StreetEasy predicts that Manhattan will start to regain popularity among renters in 2024 as rental prices in the borough begin to drop. Trendy sub-neighborhoods within popular areas like SoHo and the Upper East Side are expected to lead the way in Manhattan. This forecast reflects potential shifts in demand ...

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Nearly 5K resi units in the pipeline along the U.S. 1 and Metrorail stations in Miami-Dade

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Nearly 5K resi units in the pipeline along the U.S. 1 and Metrorail stations in Miami-Dade

In a rush to tap into the potential of transit-oriented sites, developers in Miami-Dade have unleashed a wave of residential towers along U.S. 1, predominantly capitalizing on the density and height opportunities provided by Metrorail stations. A comprehensive analysis reveals a pipeline of nearly 5,000 units comprising apartments, spanning completed, under-construction, and proposed projects from Dadeland Mall to Coconut Grove.

While some projects, such as Grove Central by Terra and Grass River Property, align with Metrorail stations through public-private partnerships, others, like Fortune Development Group’s ...

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