Overview
- Q4 2025 marked a fifth consecutive year-over-year increase in deals, with the blended median price up 2.3% to $1,125,000, according to Douglas Elliman.
- A record 64% of 2025 Manhattan purchases were all-cash, with nearly 90% of sales above $3 million paid without financing.
- Closed sales rose 5.4% from a year earlier while inventory fell 4.4%, contributing to faster market pace and firmer pricing.
- Co-op activity strengthened as rates hovered near 6.15%–6.2%, with co-op deals up 7% and the median at $825,000, while condo median slipped 0.2% to $1,661,000.
- Luxury outperformed with contracts and sales rising at the top end, and developers expect thousands of new Manhattan and Brooklyn units to launch over the next three years.