Q4 Report

Q4 2025 Manhattan & Brooklyn Real Estate Market Report

If the story of Q3 last year was that of the luxury and new development markets showing their strongest sales activity in three years, as luxury buyers anticipated looming shortages in new development supply and favorable Federal tax policy, the story of Q4 was that of the coop resale market finally rebounding after years of interest rate volatility and months’ long insecurity around Federal government trade policy.

The number of coop resale transactions rose 9% year-over last quarter, with steady increases in sales activity seen both above and below $2m. This is especially promising since the sub-$2m market had been stymied by discomfort around interest rates and trade, and, while luxury condos turned in a strong q3 performance, higher-priced coops had been struggling for some time due to the increased costs of renovation and an application approval process that has increasingly been seen as antiquated by luxury buyers. Median sales price for coops rose 6% year-over last quarter to a near-record price of $850k. A market of increased activity and pricing allowed coop sellers to show more confidence last quarter, with supply increasing 5%.

The number of coop resale transactions rose 9% year-over last quarter, with steady increases in sales activity seen both above and below $2m. This is especially promising since the sub-$2m market had been stymied by discomfort around interest rates and trade, and, while luxury condos turned in a strong q3 performance, higher-priced coops had been struggling for some time due to the increased costs of renovation and an application approval process that has increasingly been seen as antiquated by luxury buyers. Median sales price for coops rose 6% year-over last quarter to a near-record price of $850k. A market of increased activity and pricing allowed coop sellers to show more confidence last quarter, with supply increasing 5%.

Meanwhile, median sales price in Manhattan new development also increased 9% year-over in Q4, although supply in that submarket decreased 10%, marking the lowest supply total in the new development sector in over ten years. Supply constraints in the new development sector will likely persist, as it takes years to go from inception to sales for a new condo project, and new offering plans being submitted to the Attorney General’s office dried up almost completely in the years immediately after the pandemic. New development buyers continue to remain active, as sales activity held steady last quarter versus both Q3 and year-over.

While Manhattan supply increased last quarter along with seller confidence, Brooklyn sales activity continues to be hindered by supply constraints. Brooklyn is more than three times the size of Manhattan geographically with a 60% higher population, although saw 14% fewer sales last year. The dearth of Brooklyn supply has actually become a constraint on pricing: median sales price was essentially flat in the borough year-over last quarter. While buyers willing to pay higher prices certainly exist, there’s simply nothing for them to buy. The share of biding wars in Brooklyn came to just over 22% last quarter.

Manhattan Sales Market

Click the icon below to view the Q4 2025 Elliman Report for Manhattan sales:

• Q4 saw coop median sales prices increase 6% year-over with sales activity up 5%.
• Listing supply decreased 4% YOY to 5,085 homes, showing an absorption rate of just over six months’ supply.

Brooklyn Market Sales

Click the icon below to view the Q4 2025 Elliman Report for Brooklyn sales: 

• Q4 closings contracted 21% year-over to 2115 last quarter, the second-lowest fourth quarter total in over a decade.
• While listing inventory increased 4% YOY to 3026, this shows an absorption rate of only 4.2 months’ supply.  

Quickly In-Contract: 417 Riverside Dr 5F 

This bright studio with high ceilings and eat-in kitchen in full-service Morningside Heights coop is now in-contract.

Another UWS classic-6 Sold : 285 Riverside Dr 11G

I had a buyer lose financing on this listing, so I re-listed the home and sold it again for 7% more!

Another West Village 1 bed Sold : 211 West 10th St 2A

The first buyer to see this beautiful home snatched it up at the asking price!

Presenting a new way to search for Real Estate

jacobwoodre.com pulls listings using the same IDX feed as all major brokerages and real estate sites. Since StreetEasy forces agents to manually upload their listings in order to charge them per-listing, many agents don’t put all of their listings on StreetEasy, or keep them up-to-date. The home search function on my website offers all of those listings.