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Q4 2025 was a turning point for Manhattan real estate. On Real Talk Real Estate, John and Jonathan break down why the market tightened faster than expected. Inventory dropped, cash buyers dominated, and homes moved quicker with less room to negotiate. Even with prices staying mostly flat, leverage started shifting back toward sellers. They also touch on how NYC’s new mayoral administration may have influenced short-term seller behavior, and why Manhattan real estate continues to prove its long-term strength. -- 00:00 Intro 01:05 Mortgage Rates 01:40 Closed Sales 02:44 Inventory 03:20 Months of Supply 04:35 Listing Discounts 06:20 Q4 2025 Wrapped 06:42 Trends Over Time 07:19 The Mamdani Effect? 09:40 What to Expect in Q1 2026 10:55 Final Takeaways 12:08 Outro -- 📲 FOLLOW US: Instagram: / gvcrealestateteam TikTok: / gvcrealestateteam Facebook: / gvcrealestateteam Website: https://gvcrealestateteam.com/ Youtube: / @gvcrealestateteam 📅 Stay informed and up to date with what is going on in your city - whether or not you are ready to start a real estate transaction, the information we provide can help you make smart decisions. 📍Come visit us at 575 Madison Avenue, New York, NY 10022, or give us a call at 646.345.7350