Waited a little long to post these June 2025 market reports we are almost in July.
We are calling it first, it’s a buyers market in Brooklyn with budgets under $1m. And you can start to see the strong euro playing into purchases in $10m+ townhouses in Manhattan.
Manhattan’s overall contract activity is stable year-over-year, but the days on market keep climbing, now averaging 76 days, or about 2.5 months. What’s wild is that contracts signed over $10M are up 68% (!), which is a massive shift at the top of the market. Under $10M, activity is flat or down, especially in the $2M to $10M range.
What stood out to us most? Condos are sitting, with median days on market now 92, up 19% from last year, which means either sellers are overpricing or buyers in that category are pulling back. Meanwhile, co-ops are steady and single-family homes are booming, with contracts up 69%, mostly driven by $10M+ townhouses....& days on market for those homes is actually down. Maybe the strong Euro has overseas buyers making investment here again?
Brooklyn, on the other hand, is seeing a rise in contract activity (up almost 10%) but days on market continue to inch up, now averaging 55 days. Sellers should expect 45–60 days to find a buyer, and I’m seeing more price adjustments, especially under $1.2M. It might be the first time in 7+ years that segment feels like a buyer’s market. Co-ops are slower, but single-family homes? Still super super competitive with contracts up 53% and days on market down nearly 10%.
If you would like a drilled down market report for your neighborhood, price point or size, reach out! Let’s see what July has to bring but guessing days on market up again for Brooklyn under $1m.
