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While housing demand across the U.S. takes a breather, our beloved island is strutting into its strongest sales season in nearly two years. The latest Elliman Report shows sales up 16.6% over last year’s second quarter, with the median sales price climbing 1.6% to $1.2M. Co-ops, in particular, gave the market a little extra lift.

What does this tell us? Simple: Manhattan isn’t waiting for «perfect timing.» Neither should you. The right time to make your move is the moment that’s right for you. In a city where opportunities are as fleeting as a taxi at rush hour, hesitation is the only real risk.

So whether you’re buying your first pied- à-terre, upgrading to that dream terrace, or finally cashing in on years of equity, play your hand with confidence. Because in Manhattan, the only bad move is standing still.

Your inside source on the market.

Located in the heart of Hudson Square, at the vibrant intersection of Tribeca, SoHo, and the West Village, 255 Hudson Street offers the best of Downtown Manhattan just moments from your doorstep — from world-class dining and shopping to serene waterfront parks.

Residence at 255 Hudson is a sprawling 2-bedroom, 2.5-bathroom condominium with a dedicated home office that easily functions as a third bedroom.

The resale of residence 14C at the Maverick, located in the vibrant, eclectic Chelsea neighborhood, offers discerning buyers the luxurious finishes of a new development, accentuated by the sophisticated personal touches of its current owner.

Walk into an expansive 1,848 sq. ft. three-bedroom, three-and-a-half-bath home offering stunning, quintessential NYC views from your 357 sq. ft. private terrace.

An open-concept design effortlessly connects the gourmet kitchen with expansive living and dining areas.

Experience townhouse-style living within the full-service luxury of the Chelsea Modern in this exceptional three-bedroom, two-and-a-half-bathroom duplex, complete with a home office, media room, and private outdoor space. With its own private entrance directly off 18th Street, Residence GAL2 offers an unparalleled blend of privacy, space, and modern convenience.

Spanning approximately 2,277 square feet of interior space and featuring 200 square feet of landscaped private outdoor space, this expansive home is defined by soaring ceilings, dramatic scale, and seamless indoor-outdoor living.

Manhattan deals rose to highest level in nearly two years, defying national trends

The recent changes to New York City’s rental market, sparked by the new law regulating broker fees, are reshaping both landlord practices and renter experiences. As detailed by Realtor.com, the legislation now requires landlords to cover the broker’s fee when they hire an agent to list and lease an apartment, shifting a longstanding burden off renters. Previously, tenants often shouldered this hefty cost, sometimes paying up to 15% of annual rent just to secure an apartment. The article underscores how this law, which came after years of frustration for renters, is meant to create more equitable housing costs.

As one landlord in the story put it, “We’re recalculating our budgets because this changes the entire cost structure of doing business.” While tenants may find initial relief, experts caution that landlords might bake these expenses into higher base rents, indirectly passing the cost back to renters over time.

While housing demand appears to be cooling across the U.S., Manhattan’s second quarter metrics remained relatively firm. Sales rose to their highest level in nearly two years, as listing inventory reached its highest level in nearly five years. Median sales price annually increased for the third straight quarter after four quarters of declines. All-cash deals rose to a record share as a financing contingencies reached the second-highest level in a decade. Co-op sales rose year over year for the second time, while condos saw their third annual increase. New development sales increased annually while their listing inventory declined.

New development median sales price rose annually for the seventh straight month, powered by a rise in the average sales size. Luxury price trend indicators continued to rise year over year as listing inventory for both resales and new development fell sharply. Luxury sales above $5 million increased year over year.

One of the biggest stories in the NYC home sales market right now is the increase in new contract signings. According to a recent report by StreetEasy, May 2025 marked the ninth consecutive month of growth, with a 5.8% year-over-year increase in new contract signings across New York City.