The Big Picture: 2025 wasn't about dramatic price drops; it was about adjustment. Both buyers and sellers moved away from "waiting for the bottom" and started making moves based on the "new normal."

Key 2025 Trends:

• Rate Relief: After hovering near 7% earlier in the year, 30-year fixed rates in NY are ending the year closer to 6.1%.

• NYC Resilience: Manhattan saw a median price of roughly $1.2M, while Brooklyn prices rose nearly 4% as demand for space remains high.

• Inventory Crunch: Supply remained tight, with only about 6,500–7,000 active listings in Manhattan, keeping it a slight "seller’s market."

• The Rise of the Burbs: Long Island and the Hudson Valley remained hot zones for families seeking value outside the five boroughs.

The Bottom Line: If you waited all year for a crash, you likely saw prices hold firm instead. Stability is the name of the game as we head into 2026.