05/16/2026
Why It’s Never Too Late To Bloom- May Newsletter!
Spring may have arrived late this year in NYC, but the market is finally gaining momentum.
Inventory is rising, buyer confidence is improving, and May is shaping up to be one of the strongest months of the spring market. While supply is still limited for many buyers, opportunities are opening up for serious buyers and sellers alike.
A few things we’re seeing right now:
• More listings entering the market
• Less panic and uncertainty than previous years
• Serious sellers willing to negotiate
• Buyers gaining leverage from lower competition
• Renters reaching a breaking point with rising rents
Interesting stat:
Private listings in NYC remain relatively steady at around 500 units citywide, making them less impactful on overall market trends than many assume.
Contracts signed:
Manhattan: 1,099
Brooklyn: 645
My recent contracts out:
• Massive Woodside unit with opportunity knocking
• Beach getaway condo in Arverne secured in under 7 days
Off-market activity continues across Manhattan, Brooklyn, Queens, and beyond including condos, co-ops, multifamily buildings, and 1031 opportunities.
Thinking of leaving NYC?
Check out the Move Meter to compare cost of living with other cities.
Example: Nearly 900 sq ft in Jersey City for under $450K.
Local happenings this month:
• Marquee Concerts at The Edge
• Shakespeare in the Park beginning May 22
• The Met’s Costume Art exhibition
• Jean-Michel Basquiat exhibition through May 17
Current Freddie Mac weekly average 30-year fixed rate: 6.36%
Are you planning to make a move this spring or staying on the sidelines for now?
Read on here by clicking on the link below
https://links.brokerloop.com/campaigns/973193
Coldwell Banker Warburg - First Look
Data from Urban Digs
