It’s so clear to me: if you have the down payment and plan to be in the city for a few years, it makes a lot of sense to buy. That said, while there’s been a slight uptick in activity, NYC still very much remains a buyer’s market.

The recent tariffs sent the stock market into a tailspin over the last two days. But just before that, NYC real estate was quietly holding its ground—and even pushing forward.

The NYC real estate market was the tale of two cities in October.  Total transaction volume ticked higher, even though rates moved higher and sentiment was tense. 

This is the first time in 3 years that the beginning of the fall came with the busy tone September usually brings. 

Rates came down from their highs.  Wall Street debated how soon and how much the Fed would cut rates next year. 

Compared to last May, before rates started to rise (does anyone still remember those days?!) prices were now down about 11%.  Transaction volumes were down 40%.  Inventory was up almost 60%.