Manhattan Real Estate Market Update Q3 2025 скачать в хорошем качестве

Manhattan Real Estate Market Update Q3 2025

Manhattan Real Estate Market Update | Q3 2025 | Julia Boland – The Boland Team at Corcoran The fundamentals of Manhattan’s residential real estate market remain strong. In this Q3 2025 update, I break down what really happened across the city — from sales volume and pricing to inventory shifts and neighborhood trends — and what it all means for buyers and sellers as we head into Q4 2025. 💡 Highlights: Strongest third quarter for Manhattan closings in three years Closings + 5% YOY, signed contracts up 1% (6th straight quarter of growth) Sales over $3 million up 20% — luxury market showing strength Inventory up 1% overall but large (3-bed +) homes down 8% New development launches down 35%, tightening supply Median price $1.225 M (+7%), PPSF $1,792 (post-pandemic high) Upper East Side up 3% price increase / listings lowest since 2016 Upper Manhattan avg $955 PPSF — an 88% discount to core Manhattan Market fundamentals remain solid despite election and global headlines Whether you’re buying, selling, or simply following the NYC market, this report gives you actionable insight into where opportunities are emerging — from the Upper East Side’s luxury surge to value plays in Harlem and Morningside Heights. 📊 Read More: Real Estate’s Wake-Up Call — why new-development pricing outpaces resale condos and co-ops. https://tinyurl.com/39jec73b 🏡 Curious what your home is worth? Get a free instant valuation at TheBolandTeamNYC.com — no contact required https://tinyurl.com/vjbyp3fh Julia Boland | The Boland Team at Corcoran 📍 Harlem to Tribeca ✉️ julia.boland@thebolandteamnyc.com 🔗 TheBolandTeamNYC.com 📺 YouTube & Instagram | The Boland Team NYC The fundamentals of Manhattan’s residential real estate market remained solid in Q3 2025, proving once again the city’s enduring allure. I’ll admit, I’m a shameless cheerleader for New York, but the numbers back me up. This was the strongest third quarter for closings in three years. Closings rose 5% year over year, and signed contracts—an indicator of future closings—climbed for the sixth straight quarter. Sales under $3M rose 2%, while sales over $3M jumped 20%. That split matters because buyers under $3M usually need mortgages, while luxury buyers often pay cash or use creative financing, making them less affected by rate hikes. Contracts dipped 22% from last quarter, mostly because some buyers can’t find the right home and others are seasonal—first-time buyers or renters whose leases roll over in spring. Inventory rose just 1%, but listings for larger three-bedroom-plus homes fell 8%. New development launches dropped 35%, shrinking luxury supply and setting up upward pressure on condo pricing. Prices increased across the board. The median hit $1.225M, up 7% year over year, and price per square foot reached $1,792, a post-pandemic high. Co-ops remain the best value versus condos and new development. Heading into the holidays, I expect the usual seasonal slowdown before Thanksgiving. Still, I encourage sellers to stay active—buyers shopping now are serious. Even with the upcoming mayoral election and global uncertainty, market fundamentals remain strong. Neighborhood highlights: The Upper East Side is the city’s surprise star. Prices rose 3% and listings hit their lowest third-quarter level since 2016, while luxury contracts outpaced downtown. The Upper West Side saw sales climb 4%, driven by new development, pushing prices higher. In Midtown, new development sales surged 80%, mainly in studios and three-bedrooms. Downtown was the only area where the median price declined, reflecting fewer closings, though buzz remains around the Flatiron Building conversion—now residential for the first time since 1902. Upper Manhattan, my home turf, offers remarkable value. Closings fell 16% year over year, the slowest since 2009, but the average price per square foot was $955—an 88% discount from the borough-wide average. Many owners hold 2.5–3% mortgage rates, creating a lock-in effect, but buyers here find full-service condos built within the past decade with gyms, parking, and outdoor space. Despite headlines and politics, New York City remains stable, resilient, and a smart long-term investment. Whether you’re buying, selling, or just watching the market, this city continues to deliver opportunities worth seeing.