09/15/2025
📊 NYC + Long Island Market Snapshot – August 2025
Let’s talk Brooklyn:
🏠Avg. condo price: $1.5M
🏠Median co-op price: $632K
📉 Inventory down 3.4% from July
Across the river in Manhattan:
✨ Avg. condo price: $2.9M
✨ Median co-op price: $875K
📉 Inventory dropped 7%
Meanwhile in Queens:
🌳 Avg. condo price: $771K
🌳 Median co-op price: $336K
📉 Inventory down 3.3%
For sellers, the data is encouraging:
âś… Avg. sale price: $995K (up 3.8% YoY)
✅ Homes are selling faster—40 days on average, 6 days quicker than last year
âś… Demand is still strong despite a slight dip in sold listings
What does this mean for you?
âś… Buyers: With interest rates easing, your purchasing power is stronger right now. Entering the market before inventory tightens further could help you secure the right property at the right price.
âś… Sellers: Prices are holding strong across boroughs, and homes are still moving. With the right strategy, you can capture motivated buyers in this market.
Whether you’re thinking about buying in Brooklyn, considering a sale in Manhattan, or exploring opportunities in Queens—let’s connect and create the best plan for you.
đź“© DM me today to schedule a consultation.