It’s time for the NYC monthly sales market update! Here’s a look at some key numbers for April 2025 in Manhattan and Brooklyn. 

To view the full NYC sales market monthly update for April 2025, click here. And to view stats for the previous month, click here. 

Key Points

Manhattan 

Despite stock market turmoil caused by tariffs, the April sales market was generally positive. 

Contracts signed were up on both an annual and monthly basis. In fact, they came in at 5% above the 10 year average. 

Although inventory increased by double digits compared to March (in line with seasonal trends), listings were a little bit lower than average. This made for a competitive market, with listings going into contract faster compared to the prior month. 

And the negotiability factor reflected this more competitive environment. It stood at 2.2% below asking, quite a change from the 4.5% discount that we saw in January. 

Brooklyn 

Trends were likewise positive in Brooklyn (albeit still sluggish by historical standards). 

Contracts were up compared to March and compared to the prior year. But the latter represented a low baseline for comparison, since April 2024 represented a four year low. 

In a welcome change for buyers, inventory surged both on a year over year (17%) and month over month (20%) basis. The jump finally brought listing levels up to the highest since 2021. 

But competition in the borough was still fierce, with sellers holding the advantage. The negotiability factor stood at 1.4% above asking. 

What’s Next

Despite the markets being roiled by tariffs and fears of an economic turmoil, buyers in Manhattan and Brooklyn don’t seem particularly fazed. Or at least not as much as buyers in other markets nationwide. It may be due to the fact that the average buyer in NYC (especially in Manhattan) tends to be quite wealthy compared to buyers in other cities. And is thus a bit more insulated from market shocks. 

Whether or not this market buoyancy will last through May remains to be seen. But it’s now looking more likely that we’ll have a relatively decent spring sales season before Memorial Day. I say “relatively” because 2023 and 2024 were both rather lackluster, especially in comparison to the halcyon days of 2021 and early 2022. 

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