The NYC real estate market shifted in Q2 — but maybe not in the way you'd expect.

Closed sales declined 6.3% year-over-year, ending five consecutive quarters of growth. At the same time, inventory tightened, negotiability dropped to 3.3%, luxury inventory reached a 22-year low, and a record 57.9% of deals occurred above $1 million.

John and Jonathan break down what happened with mortgage rates, closed sales, inventory, months of supply, pricing and the luxury market — plus the new pied-à-terre tax creating another layer of uncertainty for NYC buyers and sellers.

So, is NYC real estate actually slowing down? Or are buyers simply competing for fewer properties?

Here's what the Q2 2026 numbers really tell us.

Sales were up, inventory was down, and Manhattan real estate started 2026 on solid footing. John and Jonathan analyze the Q1 numbers, discuss the impact of rising rates and global uncertainty, and explain why they remain optimistic about the market's long-term outlook.

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.

Manhattan’s real estate market just delivered its strongest quarter since 2022 — and the numbers speak volumes. In this episode, Jonathan Conlon and John Gasdaska break down the Q3 2025 Manhattan Market Report, revealing how over 3,100 closings, steady pricing, and a surge in cash deals are fueling confidence across the city.

Despite mortgage rates holding in the mid-sixes, buyers haven’t backed down — they’ve simply adapted. With 65% of sales closing in cash, inventory tightening, and Days on Market falling to just 77 days, the Manhattan market is proving its resilience once again. Jonathan and John dig into what’s driving demand, why sellers are pricing smart, and how this balance sets the stage for a strong finish to 2025.

If you want to understand where NYC real estate is heading — and why Manhattan continues to outperform expectations — this is the episode you don’t want to miss.

More sales, tighter discounts, steady rates — Manhattan’s market is moving. It may be late in Q2, but Jonathan and John break down why these insights are still critical.

In this episode, we break down the latest on Manhattan real estate. Tune in to see how rising interest rates are shaping the market, how Q4 2024’s closed sales compare to past years, and whether buyers are becoming more active.

We also dive into the luxury market, inventory levels, months of supply, and where negotiability stands today.

Plus, key takeaways for buyers and sellers to navigate the current landscape.

If you’re looking for expert insights or have any questions, our seasoned real estate team is here to help, reach out anytime. We'd love to hear from you!

Wondering how the Manhattan real estate market is holding up? 🏙️ In this episode, we cover:

✅ Post-election trends

✅ Fed cuts & mortgage rates

✅ Timing tips for buyers & sellers

Tune into our latest podcast episode, where we break down the Q3 2024 Manhattan Market Report. From key trends to expert advice for buyers, we got you covered.

Listen now to get our insights!

In this episode, we dive deep into the Q2 market analysis for NYC real estate. Tune into the episode to learn about the direction of the NYC market for anyone wanting to buy or sell in NYC today.

If you're curious about the state of Manhattan's real estate market and want expert analysis from industry insiders, this is the episode for you. Don't miss out on valuable insights that could shape your next real estate transaction!

If you have any questions at all, please don't hesitate to reach out. We'd love to hear from you.

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📅 Stay informed and up to date with what is going on in your city - whether or not you are ready to transact, the information we provide can help you make smart decisions.