The New York City Weekly Real Estate Update
Real Estate Guidance You Can Count On!
Below, you’ll find my weekly market update along with information about the market and myself. Please don’t hesitate to reach out with any questions — I’m always here to help.
The Weekly Manhattan Market Report - 12/22/2025
The Luxury Sector:
Twenty-one contracts were signed in Manhattan last week at $4 million and above, 12 fewer than the previous week. Condos continued to lead, outselling co-ops 12–6, with two condops and one at townhouse also in the mix. The top contract of the week was a residence in 24/25A at 988 Fifth Avenue, asking $16.2 million, which was listed in September. The second-highest deal was a sponsor/new development Maisonette at 40 East End Avenue, asking $9,675,990, after being reduced from $9,850,000 when the building was launched in 2018
Overall City/Market Supply:
There are currently 5,501 listings on the market, a 16.1% drop compared to last month and 3.5% lower than this time last year. Inventory also fell by roughly 300 units week-over-week, underscoring just how quickly supply is constricting. Listing supply is clearly continuing its downward trend, and the big question is now: how low will it go? Only 82 apartments came on the market last week–a steep 28.1% decline from the prior week. Add to that 292 listings that were taken off the market unsold, a 22% increase week-over-week, it’s no surprise inventory is dropping like a stone. On top of that, strong in-contract activity continues to pull listings off the active market. There is growing “water-cooler talk” that overall Manhattan inventory could dip below 5,000 listings for the first time in many years this winter. Only time will tell.
Liquidity Pace (The 30-Day Pace of Buyer Demand):
Last week, the 30-day pace of buyer demand rose to 833 properties put into contract, a 6% increase from the prior week. It’s encouraging to see an uptick at this point in the calendar-year, although seasonally the overall pace should begin to slow as Christmas, New Year’s, and year-end holidays take hold. That said, the weekly numbers were striking: 242 apartments went into contract, up 21% week-over-week, making it the third busiest week of the entire year–an especially surprising result given that this occurred in the third week of December! That is an impressive showing for the Manhattan market. While the broader expectation is for contract activity to cool into late December in early January, there’s already anecdotal chatter about additional deals coming together this week–so we’ll see how it plays out!
About Dylan Hoffman
Dylan Hoffman
With a stellar track record of success spanning over two decades, Dylan Hoffman has become one of the most well-regarded brokers in New York City real estate. Known for his deft ability to simplify complicated transactions, stay abreast of the ever-evolving marketplace and connect with his clients in a meaningful way, he's a powerful resource for buyers, sellers, renters and investors. It's no surprise that his dynamic approach has driven The Hoffman Team at Compass to the upper echelons of New York City success: The team ranked No. 4 in transactions and No. 11 in dollar volume according to WSJ/REAL Trends.
As a New York real estate investor himself, Dylan is ever-mindful of the fact that he's dealing with his clients' most prized assets, which drives his laser-focus on maximizing value. He's assembled an extensive local network, and he provides expert guidance in everything from securing financing and legal advice to finding the best architects and contractors. From the initial consultation to the closing table, Dylan is a trusted advisor, skilled negotiator and expert broker ready to help clients exceed their unique real estate goals.
A California native, Dylan studied theater at California State University, putting himself through college and an acting conservatory with a multitude of roles in commercials, on television and with national touring companies. Today, Dylan resides on the Upper West Side with his wife and two children. In his free time, he can be found with his family, enjoying Central Park or exploring Manhattan on a CitiBike.
