08/15/2026
THE DOG DAYS OF SUMMER- AUGUST NEWSLETTER EDITION
We are officially in the dog days of summer, and the NYC real estate market is experiencing its typical seasonal slowdown.
Manhattan currently has 737 units for sale, compared with an average of approximately 907. With many New Yorkers taking vacations and enjoying the last unofficial month of summer, inventory has tightened.
Despite this, the overall market remains neutral. Prices have largely plateaued rather than dramatically increasing or declining, while transaction activity continues to fluctuate.
WHAT DOES THIS MEAN?
For sellers: If you're already on the market, evaluate pricing and marketing if you want to be in contract before Labor Day.
For buyers: Late summer seasonality means low competition. Serious sellers are still in the market, creating opportunities for negotiating price and terms.
For renters: Rents continue to rise, and many renters are experiencing "rental fatigue." If you're tired of paying increasingly high rent, it may be worth comparing renting with buying.
For foreign buyers: The U.S. dollar has started recovering from recent lows, making currency movement another factor for international buyers considering U.S. real estate.
NEW DEVELOPMENT UPDATE
Recorded sales for new development units have jumped 56.7% from the previous month and 7% from this time last year.
That's a positive uptick in buyers choosing new development over resale.
This month's example: Northern Center in Flushing, Queens.
🎉 JUST SOLD | CENTRAL HARLEM
A 3-bedroom HDFC sold for over asking price!
The property offered great lighting, a new bathroom, proximity to Whole Foods and Trader Joe's, and convenient access to Columbia and Fordham University.
Own an HDFC and thinking about selling? Contact me to discuss your options.
BOARD APPROVED! | MASSIVE UNIT IN WOODSIDE
Opportunities abound with this gem!
Situated in the fresh-air neighborhood of Woodside and close to transit, Boulevard Gardens, shops, parks, and more, this unit is the perfect place to put your own vision into action.
Offer accepted quickly due to clear negotiations!
Interested in buying a unit that needs renovations? Contact me to discuss opportunities.
AUGUST CONTRACT NUMBERS
Manhattan: 828
Brooklyn: 544
Queens: 696
Bronx: 129
Current 30-year fixed mortgage rate: 6.69%
📍 AUGUST NYC EVENTS
🎬 Movies at Brooklyn Bridge | August 13+
🥃 Brooklyn Rum Festival | August 15
🎌 Anime NYC | August 20-23
🎾 Tennis at Waldorf Astoria | August 27
Are you thinking about making a move this August, or are you watching the market for now?
Alana
https://links.brokerloop.com/campaigns/976501
Data from Urban Digs, Freddie Mac, etc