https://www.compass.com/agents/nyc/j-hoffman/

Julie Hoffman Compass Real Estate NYC, 10 East 53rd Street 5th Fl, New York, NY (2026)

09/06/2026

Your Weekly Real Estate Report Is Here! (August 24-30, 2026) | Luxury Contracts, Manhattan Trends Across All Price Points, Brooklyn Insights & a Remarkable Piece of Upper East Side History

Inside this week’s report:

🔹 Manhattan luxury contracts ($4M+): 24 contracts signed, totaling $189 million
▫️ No. 1: Central Park Tower , 68E, $20.5M
▫️ No. 2: 988 Fifth Avenue, 6th Floor, $18.5M

🔹 Manhattan trends across all price points: 160 contracts signed, the second-lowest weekly total of 2026, while total contract volume jumped 20% from the prior week

🔹 Why a slower NYC market isn’t producing lower prices: Fewer homes are changing hands, yet prices continue to hold. What’s keeping prices up, and what could happen if mortgage rates come down?

🔹 Brooklyn luxury: Just 7 contracts signed at $2M and above, down from 18 the previous week

🔹 Gloria Steinem and the Upper East Side brownstone she called home.

✅ Read the full report for this week’s numbers, insights and stories shaping New York City real estate HERE ➡️ https://www.compass.com/notifications/emails/eea70733-fb8f-471f-8033-29a54d26fd40.html?email=%recipient.email%&unsubscribe_agent=%recipient.unsubscribe_agent%

Newsletter Sources Include: Olshan Properties Compass CityRealty TRD Forbes (John Walkup, UrbanDigs), The New York Times & Curbed.

07/11/2026

Weekly Luxury Report (June 29-July 5, 2026), Trends Across All Price Points + Brooklyn Insights & MORE!

Manhattan Luxury Report | Residential Contracts Signed | $4M and above | June 29 to July 5, 2026 | 15 Contracts Signed in a shortened July 4 week, 12 fewer than the prior week
🔹 Condos outsold co-ops 11 to 2, with 2 townhouses in the mix
🔹 The 10-year average for the July 4 week is 19 contracts

📊 Across all price points, Manhattan signed 193 contracts last week, down from the prior week due to the holiday but 62 more than the same week in 2025, when July 4 also fell on a Friday. Median asking price came in at $1.195M, and average time on market fell to 101 days, a shift that is opening up real negotiating room for buyers while sellers weigh listing as a Compass Private Exclusive to test the market before fall inventory arrives.

Did You Know?
Manhattan just closed out its strongest first half since 2022, with 1,070 contracts signed in June alone, up 16% year over year, despite geopolitical headwinds and the newly enacted pied-à-terre tax.

🌉 Over in Brooklyn, the $2M and above market saw 22 contracts signed, up from 19 the week before, led by a single-family townhouse at 283 Union Street in at $7,450,000.

📰 Sources: Compass CityRealty 6sqft @ TheCityReporter & The Real Deal

✅ Read the full report, including neighborhood rent data and the newly released Q2 Manhattan and Brooklyn reports, and MORE! ➡️ https://www.compass.com/notifications/emails/526e2737-33d5-44f7-896f-0da54781287c.html?email=%recipient.email%&unsubscribe_agent=%recipient.unsubscribe_agent%

📞 Let's start a conversation
Julie Hoffman @ Compass
Manhattan | Brooklyn
M: 917.275.3570
E: [email protected]

07/11/2026

The Manhattan townhouse market is stable. But stability does not mean every neighborhood is moving in the same direction.

That was the biggest takeaway from the Q2 2026 Manhattan Townhouse Report. Thirty-four townhouses sold in the second quarter, exactly the same count as a year ago. But beneath that headline, the market is telling two very different stories.

▪️ The Upper East Side is quietly outperforming.
Twenty-seven townhouses sold on the Upper East Side through Q2, up 42.1% from nineteen last year. Price per square foot remained nearly flat, declining just 2.8%. For sellers, this means the Upper East Side is absorbing more inventory without buyers gaining meaningful leverage on price. For buyers, it means the Upper East Side is no longer the slow-moving market many assume it to be.

▪️ Downtown tells a different story.
Sales are up 31.6% year to date, but median price and price per square foot both declined. Buyers are finding more opportunities, while sellers need to adjust pricing expectations to reflect today's market.

💡 The broader lesson: Manhattan is not one townhouse market.
Neighborhood, property type, and timing matter more than citywide averages.

Whether you are considering buying or selling, understanding the specific market you are entering is critical to making the right decision.

✅ For a deeper look at the numbers, including neighborhood-level trends and what they mean for buyers and sellers: View the full Manhattan Q2 2026 Townhouse Report here ➡️ https://www.compass.com/notifications/emails/792ea025-10cd-4a06-aa92-078b4b8b95ec.html?email=%recipient.email%&unsubscribe_agent=%recipient.unsubscribe_agent%

06/27/2026

The June Compass is out.

The housing market is picking up. Mortgage rates are the one thing that could slow it down, and where they go next depends on inflation.

Here are the highlights:
▪️ Year to date, pending home sales are running 4.2% ahead of last year, nine weeks in a row above 2025.
▪️ A stock market near all time highs has created a wealth effect, pulling more buyers in.
▪️ The labor market is improving after a weak 2025. More hiring means more people relocating for work.
▪️ Mortgage rates are near their high for the year, yet still lower than last summer and at the low end of their three year range.
▪️ Inflation is the variable to watch. It has risen since March, which is what pushed rates higher. Easing oil prices and a cooling tariff war could help, but the direction from here is not yet settled.
▪️ New construction is the soft spot. Months of supply has climbed past ten months, the most since July 2022.

🏙️ Remember, NYC real estate is hyperlocal. National numbers set the backdrop, but what they mean for your block, your building, and your line is a different conversation, and it is the one I am here for. New York has always rewarded patience, and through every cycle this city has proved its resilience over and over again.

✅ See the full report with charts in my newsletter ➡️ https://www.compass.com/notifications/emails/0d7a38c0-9495-4f51-b4fe-37f4eea9775a.html?email=%25recipient.email%25&unsubscribe_agent=%25recipient.unsubscribe_agent%25

Source: Mike Simonsen Chief Economist, Compass International Holdings

Julie Hoffman @ Compass
|
M: 917.275.3570
E: [email protected]
Residential Condo & Co-op Resales | Expert Guidance for Sellers and Buyers
New Development | International Client Services | National & Global Referral Network

06/26/2026

For the first time in four years, Manhattan's luxury co-ops outsold its condos.
Co-ops have spent years playing second fiddle to condos at the top of the market. Last week the order flipped.

Luxury Report | Residential Contracts Signed | $4M and above | June 15 to 21, 2026 | 28 Contracts Signed in a shortened Juneteenth week, 7 fewer than the prior week
🔹 Co-ops outsold condos 12 to 10
🔹 2 condops and 4 townhouses in the mix
🔹 The last time co-ops outpaced condos was the week of September 26 to October 2, 2022

🏆 No. 1 | 165 East 64th Street — $18.5M
Lenox Hill, | 5-story, 20-foot-wide townhouse | roughly 7,000 SF | 6 BR | 8 BA | gut renovated and listed only last month

🏆 No. 2 | Penthouse at 224 Mulberry Street — $17.5M
| duplex condo | 5,646 SF | 4 BR | 4.5 BA | 2 fireplaces | 4 terraces

📊 Across all price points, Manhattan signed 224 contracts last week, down from the week before but ten more than the same week in 2025, with the Juneteenth holiday accounting for most of the dip.

🇺🇸 Compass just released its June national report, covering where mortgage rates, pending sales, and new construction stand heading into summer, and what the national backdrop does and does not mean for New York.

🌉 Over in Brooklyn, the top deal was a triplex hidden inside a restored townhouse at 181 Baltic Street, in contract at $7,195,000 before hitting the public market.

📰 Sources: Olshan Report, Compass, CityRealty, 6sqft, and Mike Simonsen, Chief Economist, Compass

✅ Read the full report and MORE! ➡️ https://www.compass.com/notifications/emails/0d7a38c0-9495-4f51-b4fe-37f4eea9775a.html?email=%25recipient.email%25&unsubscribe_agent=%25recipient.unsubscribe_agent%25

📞 Let's start a conversation
Julie Hoffman @ Compass
|
M: 917.275.3570
E: [email protected]

05/30/2026

🏙️ Manhattan Weekly Luxury Report | May 18–24, 2026 | Trends Across All Price Points + Brooklyn Insights, Expert Insights for Prospective Buyers and Sellers & MORE!

740 Park Avenue Tops Manhattan. The Pied-à-Terre Tax Is Now Law. Brooklyn Sets a Speed Record.

🔹 29 luxury contracts signed at $4M+, down 9 from the prior week
🔹 Condos outsold co-ops 17–9
🔹 Two condops and one townhouse in the mix
🔹 The 10-year average for the week before Memorial Day is 29 contracts, exactly last week’s total

💡 Did You Know? There is wealthy. There is very wealthy. And then there is 740 Park Avenue. The board reportedly requires applicants to show at least $100 million in liquid assets, and even that is no guarantee. Barbra Streisand, Barbara Walters, Elizabeth Taylor, and Neil Sedaka were all turned down.

🏢 Top Contracts
1️⃣ 740 Park Avenue, Unit 6/7D | — $22M asking 14 rooms | 5 Bed | 5 Bath | Duplex co-op Childhood residence of Jacqueline Kennedy Onassis and home to John D. Rockefeller Jr.

2️⃣ 50 West 66th Street, Unit 41W | — $16.7M asking 2,816 SF | 3 Bed | 3.5 Bath | Multiple exposures The fifth time this year a unit at 50 West 66th Street has taken a top 2 spot.

📊 Manhattan Trends Across All Price Points 264 contracts signed last week, slightly fewer than the prior week but 34 more than the same week last year.

💡 NYC Pied-à-Terre Tax Update New York State has officially enacted the NYC Pied-à-Terre Surcharge, effective July 1, 2026. Full breakdown in the link below.

Luxury Sets Its Fastest Pace of 2026 32 contracts signed at $2M+, up from 25 the prior week. Made up of 20 condos, 1 co-op, and 11 houses. Average days on market hit 46 days, the lowest of the year.

1️⃣ Top Contract - 100 6th Avenue, — $6,250,000

📰 Sources: | | |

✅ Read the Full Report in my Stories or HERE ➡️ https://www.compass.com/notifications/emails/c21a8b98-f61d-49f9-b77b-6c8351e76a9b.html?email=%recipient.email%&unsubscribe_agent=%recipient.unsubscribe_agent%

05/23/2026

🏙️ Manhattan Weekly Luxury Report | May 11-17, 2026 | Trends Across All Price Points + Brooklyn Insights, Expert Insights for Prospective Buyers and Sellers & MORE!

Manhattan Luxury Is Not Slowing Down
🔹 38 luxury contracts signed at $4M+, up 2 from the prior week
🔹 Condos outsold co-ops 25 to 7
🔹 1 condop and 5 townhouses in the mix

💡 Did You Know? The luxury market has registered more than 30 contracts signed in 7 of the last 8 weeks. Year to date, the number of contracts signed is up 3.7% over the same period last year.

🏢 Top Contracts
1️⃣ PHA — $25.77M | 5,932 SF | 7 Bed | 7.5 Bath | Central Park views | Designed by | 75 foot pool, cinema, spa, kids club, music room with recording studio | Only 2 units remain, both penthouses

2️⃣ 146 Waverly Place, — $23.5M | 8,159 SF | 5 stories | 3 Bed | 2 Bath | 3 powder rooms | Elevator, gym, home theater, garden, rooftop terrace | Reduced from $24.5M | Seller paid $17.4M in 2019

📊 Manhattan Trends Across All Price Points
268 contracts signed last week. 13 more than the week before and 11 more than the same time last year. Dollar volume up 3% week over week and up 14% year over year. The median asking price was $1.5 million. The right apartment, priced right, is moving. For sellers, the market is in your favor. For buyers, hesitation has a cost.

🏘️ Brooklyn Luxury Pulls Back After Two Weeks at the Top
25 contracts signed at $2M+. The previous week saw 37 deals. Made up of 7 condos, 5 co-ops, and 13 houses.

1️⃣ 181 President Street, — $8,250,000 | An exceptional single family townhouse offering privacy, light, and refined modern living.

📰 Sources: Olshan Report , Chief Economist @ Compass

✅ Read the Full Report HERE ➡️ https://www.compass.com/notifications/emails/ee870ff8-8cb9-4145-bbad-bc8785c797ca.html?email=%25recipient.email%25&unsubscribe_agent=%25recipient.unsubscribe_agent%25

📞 Let’s start a conversation.
Julie Hoffman
|
M: 917.275.3570 E: [email protected]
Residential Condo & Co-op Resales · Expert Guidance for Sellers and Buyers

05/22/2026

The housing market is finally moving. Inflation just showed up to ruin it.
The May is out and the details are worth reading.

▪️The hiring rate rebounded to 3.5% in April after sitting at pandemic-era lows in March. Relocation-for-work is one of the biggest drivers of housing demand. More hiring means more people moving. That matters.

▪️Mortgage rates are at their highest levels of the year. War-driven uncertainty has sent energy prices sharply higher and those inflation impacts are only just hitting the economy now. Do not look to the Fed for relief until that trend turns.

▪️ The AI boom is already showing up in San Francisco home prices and rents. The open question is whether that wealth effect spreads to the rest of the country or whether middle America feels a cash crunch from inflation instead. That plays out this summer.

▪️ Inventory has stopped growing nationally after years of increases. If it continues to decline, that implies price stability in 2027. That would surprise most market watchers.

▪️Austin and Dallas are worth watching. After four relentless years of climbing inventory and downward price pressure, supply in both cities is now below last year and falling. A turnaround may finally be near.

✅ See the full report with charts in my STORIES or HERE ➡️ https://www.compass.com/notifications/emails/2177dfd5-d4bf-426b-bbe3-acf1bedeb330.html?email=%25recipient.email%25&unsubscribe_agent=%25recipient.unsubscribe_agent%25

Source: Chief Economist, International Holdings

Julie Hoffman @ Compass
|
M: 917.275.3570 E: [email protected]

05/16/2026

Manhattan Weekly Luxury Report | May 4-10, 2026 | Trends Across All Price Points + Brooklyn Insights, Expert Insights for Prospective Buyers and Sellers & MORE!

🏙️ A Condo at the Much-Anticipated Flatiron Building Conversion Snagged the Priciest Deal in Manhattan Last Week.

🔹 36 luxury contracts signed at $4M+, up 7 from the prior week
🔹 Condos outsold co-ops 25–9
🔹 1 condop and 1 townhouse in the mix

💡 Did You Know? The Flatiron Building is lit up for the first time in its 124-year history. As the scaffolding comes down, a permanent exterior LED lighting system designed by L’Observatoire International is subtly illuminating the building’s sculptural detailing for the first time ever.

🏢 Top Contracts
1️⃣ 175 Fifth Avenue, Unit 8 North — $17.625M 3,889 SF | 4 Bed | 4 Bath | 43’ x 22’ great room | Madison Square Park views

2️⃣ 993 Fifth Avenue, 4th Floor — $15.25M Upper East Side | 12 rooms | 6 Bed | 6.5 Bath | Metropolitan Museum views Reduced from $19.25M since March 2024.

📊 Manhattan Trends Across All Price Points
255 contracts signed last week.
More than the prior week. More than this time last year. Average time on market fell below 90 days for the first time since last April. The right apartment, priced right, is moving fast.
➡️ For sellers, this is the market you have been waiting for.
➡️ For buyers, hesitation has a cost.

📰 Sources: Olshan Report & TRD

✅ Read the Full Report in my STORIES or HERE: ➡️ https://www.compass.com/notifications/emails/09ea1e8a-793c-4a2f-a275-0e12a8b04d10.html?email=%25recipient.email%25&unsubscribe_agent=%25recipient.unsubscribe_agent%25

📞Let’s start a conversation
Julie Hoffman
Manhattan | Brooklyn
M: 917.275.3570
E: [email protected]
· Residential Condo & Co-op Resales · Expert Guidance for Sellers and Buyers · New Development | International Client Services | National & Global Referral Network

05/08/2026

Luxury Report | Residential Contracts Signed | $4M+ | April 27 to May 3, 2026 | 29 Contracts Signed

🔹 Condos outsold co-ops 18 to 5
🔹 6 townhouses in the mix
🔹 29 contracts still outpaced the same week in 2025, 2024, and 2023

🏛 No. 1 — 34-36 East 70th Street | $24.5M hashtag | 12,500 SF | 5 stories | 37 feet wide | Gutted with Landmark-approved plans | Reduced from $36M

🏛 No. 2 — PHS at 459 West Broadway | $13.995M hashtag | Duplex loft | 4 BR | 4.5 BA | 3 fireplaces | 18-foot ceilings | Private terrace with hot tub

💡 Across all Manhattan price points, 252 contracts were signed last week. Mortgage applications are up 21% year over year. Buyers are already in motion.

⚠️ New York’s proposed pied-à-terre tax on second homes over $5M dropped with no legislative text, no tax rates, and no details. This is a proposal, not a law. But the political timing is different this time. If you own or are considering a luxury second home in Manhattan, this conversation needs to happen now.

🏙 Brooklyn quietly logged $156 million in luxury contracts last week. Its best week since 2020.

✅ Full report below or in my STORIES
➡️ https://www.compass.com/notifications/emails/f1cb1955-5c33-41cd-9667-3f769637b61c.html?email=%25recipient.email%25&unsubscribe_agent=%25recipient.unsubscribe_agent%25

Newsletter Sources: Governor Hochul’s Office, NYC Mayor’s Office, NYC Comptroller’s Office, Leonard Steinberg (Compass) & Jason Haber (Compass, Co-Founder of the American Real Estate Association)

Julie Hoffman @ Compass
Manhattan | Brooklyn
M: 917.275.3570
E: [email protected]
Residential Condo & Co-op Resales | Expert Guidance for Sellers and Buyers New Development | International Client Services | National & Global Referral Network

Julie Hoffman Compass Real Estate NYC

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