Compass' Q4 2025 Manhattan Real Estate Report

At the beginning of Q4 2025, I wrote that I was feeling cautiously optimistic about the Manhattan real estate market. It turns out I had reason to be. The market held steady in Q4 2025 according to our brand-new Compass Q4 Manhattan Market Report. We experienced an 8.6% rise in closed sales over 2024, to 2,611. Here's a quick overview:

  • Co-ops and condos equally drove quarterly gains with an 8.7% and an 8.4% rise in closings, respectively.

  • Pricing remained strong. Co-ops posted their second highest Q4 on record. Condos reached a record average price of $3.03M.

  • Active inventory remained the same, at just below 5,400 units. New inventory was down 4.1%, suggesting sellers are remaining cautious.

  • The luxury segment continued to thrive. The $20M+ ultra-luxury price level had a 12.5% increase in condo contract activity.

As Q1 2026 begins, I’m predicting a continuation. My colleagues and I sense a steadiness and an energy in the air; and expect a solid start to the new year. Please email bill@compass.com for the full report.

Bill Herbst#nycrealestate, #manhattanrealestate, #nycrealestatebroker, #nycrealestatemarket, #compass, #compassny, #manhattanrealrestateagent
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