West Side Rag
  • TOP NEWS
  • OPEN/CLOSED
  • FOOD
  • SCHOOLS
  • OUTDOORS
  • REAL ESTATE
  • ART & CULTURE
  • POLITICS
  • COLUMNS
  • CRIME
  • HISTORY
  • ABSURDITY
  • ABOUT US
    • OUR STORY
    • CONTRIBUTORS
    • CONTACT
West Side Rag
No Result
View All Result
SUPPORT THE RAG

Search the site

No Result
View All Result
Get WSR FREE in your inbox
SUPPORT THE RAG

Manhattan Market Report: ‘How’s the Market?…You Ask?’

June 12, 2025 | 8:34 AM
in SPONSORED
0


Click above image for video commentary

Sponsored Content

People always ask, “how’s the market?” That’s a troubling question, because what they really want to know is, “How is the market for ME?” And of course, the reply is everyone’s favorite, “Well…it depends.” And it depends because the marketplace is infinitely segmented into different categories from size, price, neighborhood, type (coop, condo, cond-op or townhouse) etc. Which segment are YOU in?…or which segment are you trying to glean information on? So you can see, its complicated…or rather, it depends.

 Deal Volume as measured by Monthly Contract Signed Activity for all properties = +3.4% Year-over-Year.

However, below is a breakdown of where the deals are happening (based on UrbanDigs statistics). Depending upon what “price” segment you are in will tell you a very different story with regards to “how’s the market?” You can see that the lowest of the price brackets, where financing is most often required, has experienced the most challenging time.

But let’s try to answer this question of “how’s the market?” by using a wide lense. Let’s take a look back and see where we are as compared to last year at this point, a Year-over-Year (YoY) perspective.

Inventory, while down (1.3%) overall, is generally considered to be in a moderate range, not high, not low.

Liquidity pace, which measures market activity using a 30-day moving window of contract activity, is up 4.4%.

Contract Activity, which measures the number of contracts signed within any given month, is up 3.4%.

Price/Sqft for resale condos is up 1.3%….and…

Median sales price is up 3.2%.

This would all infer favorable conditions for sellers; however, the actual current trend regarding the market’s climate shows us sliding into a more challenging place. See chart. This is good news for buyers.

Climate Index

“Chart shows how favorable or challenging the listing environment is for sellers by examining the ratio of signed deals to listings removed from the market. An increasing ratio indicates a warmer, easier listing environment, while a decreasing ratio indicates a cooler, more challenging one.”

The trend started after March, ironically as the tariff war began. If this is indeed related, it would purely be from a perspective of buyer sentiment and uncertainty brought on by heavy press reporting on this matter. I say that, because the actual data on the economy has yet to show any distinct signs of a slowdown. That said, I do believe that its inevitable that the tariffs (which seemingly could average 10% across the board) will slow the economy. Several conflicting scenarios could ensue and affect the marketplace in varying ways…here lies the uncertainty.

Regardless, one thing is for sure; Manhattan real estate is likely to grow increasingly expensive in the coming years. As mentioned over the past few months, we have withstood so many obstacles and have not crashed. Prices have been relatively flat for a decade. Once we begin to see clarity on the questions of the government spending bill, the tariff effect and the Federal Reserve’s response to these matters, we will begin to see demand escalate. That demand is skin deep and simply waiting to execute buyers’ life plans. The pro-forma on future projects being applied by developers today reveals elevated price expectations. I would further argue that the overwhelming share of renters would rather be buyers, particularly as we are knocking on the ceiling of record prices. We see proof of this now, with bidding wars on properly priced properties.

 So does that answer your question? I know…it’s complicated and it’s nuanced. So just contact me if you want to chat through your real estate endeavors; for sure, your situation will be unique.

I always say: 1) Anyone interested in buying or selling, should be rolling up their sleeves to determine whether the time is right to sell or if there’s a home/investment property out there for them; and 2) Who represents you matters…your best investment is often in the broker you choose; find someone with experience, who you feel you can trust.

Share this article:
SUPPORT THE RAG

Leave a Comment

Our hope is that the comment section will provide a forum for meaningful, respectful, informative, and humorous discussions among neighbors, factual and relevant to the article that is the subject of the comment. We hope that more of our readers will join in and share their opinions, insights, and expertise. Your email address will not be published. Please limit comments to 100 words and keep them civil. We delete comments that don’t adhere to community guidelines.
Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

YOU MIGHT LIKE...

Protect Your Legacy with Ligh Law: Your Trusted Partner in Estate Planning
SPONSORED

Protect Your Legacy with Ligh Law LLC: Free Webinar on Wills, Trusts, and More

July 11, 2025 | 8:30 AM
Silver Stars Fitness: Are You Over 55/60 & Want to Move, Feel & Look Better, But Don’t Want To Go a Typical Gym
SPONSORED

Silver Stars Fitness: Are You Over 55/60 & Want to Move, Feel & Look Better, But Don’t Want To Go a Typical Gym

July 10, 2025 | 8:47 AM
Previous Post

College with Hearing Loss

Next Post

West Side Canvas: ‘Face it — Croissants Make Life Worth Living’

this week's events image
Next Post
West Side Canvas: ‘Face it — Croissants Make Life Worth Living’

West Side Canvas: 'Face it — Croissants Make Life Worth Living'

Throwback Thursday: Capturing a ‘Sense of Place’ on the UWS in the 1970s and 80s

Throwback Thursday: Capturing a 'Sense of Place' on the UWS in the 1970s and 80s

Two-Month Closure of Upper West Side’s 79th Street Rotunda Starts June 26

Two-Month Closure of Upper West Side’s 79th Street Rotunda Starts June 26

  • ABOUT US
  • CONTACT US
  • NEWSLETTER
  • WSR MERCH!
  • ADVERTISE
  • EVENTS
  • PRIVACY POLICY
  • TERMS OF USE
  • SITE MAP
Site design by RLDGROUP

© 2025 West Side Rag | All rights reserved.

No Result
View All Result
  • TOP NEWS
  • THIS WEEK’S EVENTS
  • OPEN/CLOSED
  • FOOD
  • SCHOOLS
  • OUTDOORS
  • REAL ESTATE
  • ART & CULTURE
  • POLITICS
  • COLUMNS
  • CRIME
  • HISTORY
  • ABSURDITY
  • ABOUT
    • OUR STORY
    • CONTRIBUTORS
    • CONTACT US
  • WSR SHOP

© 2025 West Side Rag | All rights reserved.