The Playing Field
Our New York City real estate Spring market is here, and it came in with some telltale signs this past month. Property inventory moved up. Buyer activity increased. Property showings increased. We saw more offers come in and more contracts out. And like clockwork, we saw the annual spring spike of likely regrettable buyer decisions.
Our team has been navigating the New York City real estate market for nearly two decades and have reported on it the same. Along with increased inventory, this season of the year typically brings new buyers to the pool. Being a first-time buyer anywhere can be intimidating and daunting, and most certainly so in New York City. Our market is often a labyrinth of options, a multitude of players, confusing market information and, if navigated alone, a process that can feel like a dizzying circus funhouse.
We find some new buyers emboldened with pre-conceived ideas of how the purchasing process works here, the state of the market, what to expect and what to look for and – most importantly – how to get A Deal. The information they are armed with is often from the experiences of well-intentioned family or friends, who have made a property purchase or two themselves, not in New York City. Worse, they are loaded on outside perspectives fueled by sensational media tropes that the sky is falling in New York City, that the free-for-all and mass exit offer steals for the taking.
These buyers often don’t have a good real estate advisor here, or they consider the advice of their good advisor here second to whomever else has their ear. Their offers are often out of touch with the specific market in which they are trying to purchase in the city, often not backed by accurate data and often based on the well-intended but misguided input of those who are not specialists of New York real estate.
That said, there is good news for the buyers who have been learning and searching – Even if that newer buyer who is well-armed with misguided information is reading this, it likely isn’t going to flip their perspective. This month’s report is for those who have been out there and have earned their merit badges. Alongside those new buyers, you have the upper hand. They offer you the opportunity to look even better.
As we move through one of the most productive markets in April, keep focused, be confident in your knowledge and move quickly. There are also those buyers who are just as determined, educated and armed; and they are basing offers on facts not just feelings and believe in and understand the historical trajectory of New York City real estate.
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The Numbers
Manhattan Market Activity
Highlighting our market's past 30 days.
Brooklyn Market Activity
Highlighting our market's past 30 days.
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The Properties
Our month's featured listings on the market.
Carroll Gardens / Brooklyn
Co-op
1 Bed / 1 Bath
$695,000
215 East 88th Street, 4A
Chelsea / Manhattan
Condo
3 Beds / 3 Baths
$2,150,000
Kips Bay / Manhattan
Co-op
Studio / 1 Bath
$475,000
Upper East Side / Manhattan
Co-op
1 Bed / 1 Bath
$375,000
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The Pick
From the cool and eccentric to reserved and irreverent - Our month’s pick of what's happening in New York City.
The Whitney Biennial
This year's 82nd edition of the Whitney Biennial—the longest-running survey of contemporary art in the United States—features works of over 56 American artists. Explore the exhibition spanning three floors, reflecting our current social, cultural and political environment.
Now through August 23rd, 2026.
Whitney Museum of American Art
99 Gansevoort Street
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