Manhattan Market Intelligence

Luxury Sales Are Rising, So Why Are Prices Easing? Manhattan’s ultra-luxury market has been sending an interesting signal: transaction activity is rising sharply, even as pricing at the top end has softened. Transactions above $10 million reportedly rose 43% year-over-year, even as median pricing in the segment declined. At first glance, those trends may seem contradictory. In practice, they may reveal something more nuanced about how the high-end market is functioning.

A Proposed Pied-à-Terre Tax: What Could It Mean for NYC Real Estate? A newly proposed pied-à-terre tax is once again raising questions about how public policy can shape New York City real estate, particularly at the luxury end of the market. The proposal would impose an additional tax on certain non-primary residences above a high value threshold, targeting second homes that are often used only part-time. Supporters frame it as a way to generate revenue and discourage hom

With Rents at Record Highs, Is It Time to Reconsider Buying? Manhattan rental prices have reached new highs, with median rents now around $5,000 per month —an all-time record. At the same time, inventory remains tight and demand continues to outpace supply, keeping upward pressure on pricing. Against that backdrop, many are asking the same question … Does it make more sense to rent or buy? What’s Happening in the Rental Market The current rental environment is defined

Manhattan Market Update: What Q1 2026 Tells Us So Far The first quarter of 2026 offered a clearer picture of where the Manhattan market is heading, and in many ways, the results were stronger than expected. According to the recently released Q1 2026 Manhattan Apartment Market Report, both average and median apartment prices moved higher compared to a year ago, with several segments of the market reaching record levels. But as is often the case in New York City, the hea