NYC Sales Gain Momentum Into 2026
New York City’s sales market ended the year stronger than expected, defying the typical seasonal slowdown. In December, 1,712 homes entered contract, marking a 7.2% increase compared to the previous year. This highlights renewed buyer confidence heading into 2026. At the same time, inventory expanded 9.3% year-over-year to 13,955 homes on the market. Buyers returning this spring will have more options across the city, creating the foundation for a busier and more competitive sales season.
Inventory Expands Across the Boroughs
Inventory growth was widespread across New York City. Manhattan maintained its position as the largest market with 6,999 homes for sale, reflecting a 9.3% annual increase. Brooklyn followed with 3,434 homes on the market, up 10.1%, while Queens saw the sharpest rise, climbing 17.7% to 2,675 listings. Mortgage rates are expected to remain above 6%. As supply rises and demand strengthens, competition for well-priced and desirable homes is likely to intensify in 2026.
Homes Are Selling Faster
Even with more homes available, properties have a quicker turnover. The median days on market across the city declined to 84 days, two days faster than last year. This shift signals strengthening buyer activity and confidence. As more buyers re-enter the market in 2026, well-positioned properties are expected to sell at an even quicker pace, particularly in high-demand neighborhoods.
Rental Market Pressures Continue
The rental market remains tight as supply continues to stay behind demand.
Manhattan’s prewar buildings are driving much of the rent growth, with strong demand pushing prices higher. Meanwhile, nearly one in four rentals offered at least one month free, the highest share since 2021, as landlords use concessions to remain competitive in a shifting market.
