The real estate market in New York City is currently experiencing some interesting trends. As of mid-2024, the median home sale price in NYC is around $1.1 million1. The market has seen a notable increase in activity, with a 12.5% rise in home sales compared to last year1.


Here are some key points:


Mid-Priced Homes: Homes priced between $750,000 and $1.7 million are selling faster, spending an average of 61 days on the market1.

Condo Market: For the first time since 2019, new condo listings are outpacing co-ops1. Condo prices in Brooklyn have risen by 9.7%, averaging nearly $1.1 million1.

Interest Rates: With the Federal Reserve expected to cut interest rates, mortgage rates are gradually decreasing, making home affordability slightly better for buyers1.

Overall, the NYC housing market remains competitive, with a mix of opportunities for both buyers and sellers.


Are you considering investing in NYC real estate, or just curious about the market trends?