Sentiment Rebounds as Pipeline Slows

NYC’s residential market shows rebounding demand alongside expanding supply, as contract activity and sentiment improved across both boroughs.

The Howard Hanna NYC Consumer Sentiment Index increased from +29% to +38%, reflecting renewed buyer confidence following last week’s slowdown.

At the same time, inventory and new listings continued to rise, particularly on a year-over-year basis, providing buyers with greater selection as the spring market progresses.

However, pending sales declined across both Manhattan and Brooklyn, suggesting a short-term pause in deal flow as the market absorbs recent inventory increases.

This divergence between improving sentiment and softer pipeline activity indicates a market in transition, where buyers are re-engaging but moving more deliberately in response to increased supply.

Overall, the market remains active but recalibrating, with improving sentiment and rising supply balanced against a more measured transaction pace.

Manhattan Supply: Inventory Expansion Continues

Manhattan active inventory increased to 6,358 homes (+3.6% WoW | –7.2% YoY), reflecting continued supply growth, though still below last year’s levels.

New listings held steady at 525 units (0% WoW | +44% YoY), indicating stable weekly activity and a significant increase compared to last year.

This trend suggests a sustained influx of new supply, which may begin to ease competitive pressure across certain segments.

Brooklyn Supply: Seller Activity Accelerates

Brooklyn inventory increased to 3,390 homes (+3.2% WoW | +1.9% YoY), marking steady expansion both week-over-week and year-over-year.

New listings rose sharply to 284 units (+25.7% WoW | +75% YoY), signaling a strong rebound in seller participation.

This increase supports a more balanced market environment, with greater optionality for buyers as supply builds.

Manhattan Pending Sales: Decreased -2.3% WoW to 3,030 units, signaling a modest contraction in the forward transaction pipeline.

Brooklyn Pending Sales: Decreased -3.3% WoW to 1,668 units, indicating slower deal flow following recent strength.

Photo by Rihards Gederts | Howard Hanna NYC

Manhattan Consumer Sentiment: Gradual Improvement

Manhattan recorded 264 signed contracts (+6% WoW | +6% YoY), reflecting steady growth in activity.

The Howard Hanna NYC Manhattan Consumer Sentiment Index increased from +2% to +10%, remaining in positive territory for the eighth consecutive week.

This suggests continued buyer engagement, particularly as inventory expands and pricing opportunities emerge.

Brooklyn Consumer Sentiment:  Strong Rebound in Activity

Brooklyn recorded 126 signed contracts (+19% WoW | –3% YoY), marking a notable weekly increase following last week’s decline.

The Howard Hanna NYC Brooklyn Consumer Sentiment Index increased from +25% to +51%, indicating a sharp rebound in short-term buyer activity.

While year-over-year activity remains slightly lower, sentiment remains strong, suggesting buyers are re-engaging as market conditions stabilize.

New Development Insights: Activity Moderates as Buyers Stay Selective

According to Marketproof data, new development activity recorded 31 signed contracts across 28 buildings during the week of April 13, 2026. Top-performing developments included:

• The Strathmore (Yorkville) and One High Line (West Chelsea), each with two contracts.

While overall volume moderated, demand continues to focus on prime, well-positioned developments with strong pricing alignment, reinforcing a market where buyers remain selective but engaged.

If you would like to chat about the most recent market activity,

feel free to contact us at [email protected] or connect with one of our Advisors.

Howard Hanna NYC brings the nation’s largest independent and family-owned brokerage to New York City, uniting the strength of a national network with the insight and sophistication of a local firm. Formed through joining forces with Elegran Real Estate, Howard Hanna NYC delivers a seamless, full-service experience backed by more than 15,000 agents across 500 offices in 14 states. The firm’s forward-thinking, agent-first culture continues to shape the future of real estate across Manhattan and the Tri-State area.Learn more at www.howardhannanyc.com.