Rebound City! Fall has been good for the sales market this year, with higher-than-average contracts signed and increased supply. While the market is still a bit soft for both buyers and sellers, we see healthy numbers of purchases and sales being made. We are still in a neutral market and so it is not favored heavily towards a buyer or sellers’ market overall in NYC. While this is a great recovery compared to the last few years, the commercial and rental sectors are light years ahead and having their best year ever.  

To give you an idea of where supply/demand is and where it should be, take a look at Manhattan: which has a supply of 1,422 when it should be 1,524 units by the end of October and contracts signed of 986 which should be 911 by the end of the month. 

For sellers- keeping in mind your specific neighborhood, building amenities, unit condition, etc. when pricing and marketing your unit will help you sell during this fall real estate season. This is especially important if you need to sell before the end of the year. 

For buyers- having flexibility in area and unit condition can give those of you who are looking this fall the ability to get a great unit for your needs. Lots of sellers often need to sell before the end of the year for tax purposes, giving you plenty of opportunity to settle into a new home of your own before the end of the year.

A side bar for foreign buyers- in addition to all that was said above, the US dollar value has decreased by around 11% since January 2025 and depending on your currency exchange has given US housing a price cut. This may make purchasing a home state-side more attractive. 

Stanhope Foundry is Bushwick's newest condominium featuring 10 total units of studios to 2 beds. 

If you are looking for a cozy condo rather than a larger new development where you can get space, tranquility and lifestyle, this is the move for you. Construction begins in 2026.