Supply Growth Meets Selective Demand

NYC’s residential market continues to expand on the supply side while demand remains active, with pending sales increasing across both Manhattan and Brooklyn, signaling a strengthening forward transaction pipeline.

The Howard Hanna NYC Consumer Sentiment Index decreased from +41% to +34%, indicating a modest pullback in buyer confidence, though sentiment remains elevated relative to historical levels.

At the same time, inventory is rising meaningfully year-over-year across both boroughs, providing buyers with greater selection and gradually easing competitive pressure, particularly in Manhattan where supply growth is beginning to shift negotiating dynamics.

While Manhattan saw a short-term dip in weekly contract activity, Brooklyn recorded a modest increase, highlighting a divergence in near-term demand trends.

This combination of rising supply and softer sentiment suggests a shift toward more deliberate buyer behavior, with decision-making becoming increasingly price-sensitive.

Overall, the market is moving toward a more balanced spring environment, where rising supply is being met by selective demand, making pricing strategy and property positioning critical to driving transactions.

Manhattan Supply: Inventory Growth Accelerates

Manhattan active inventory increased to 6,554 homes (+3% WoW | +32.9% YoY), marking a significant expansion in available supply compared to last year.

New listings totaled 471 units (-10.6% WoW | +1% YoY), indicating slightly lower weekly activity but stable levels relative to last year.

This sustained inventory growth suggests easing supply constraints, particularly in segments where pricing has not adjusted to current market conditions.

Brooklyn Supply: Steady Expansion Continues

Brooklyn inventory increased to 3,516 homes (+3.1% WoW | +3.6% YoY), reflecting consistent supply growth across the borough.

New listings held relatively steady at 283 units (-0.4% WoW | +2% YoY), indicating stable seller participation.

This continued expansion supports a gradual rebalancing of the market, providing buyers with more options while maintaining steady demand.

Manhattan Pending Sales: Increased +2.2% WoW to 3,097 units, signaling continued strength in the forward transaction pipeline.

Brooklyn Pending Sales: Increased +1.32% WoW to 1,690 units, indicating steady deal flow as buyers continue moving toward contract.

Photo by Rihards Gederts | Howard Hanna NYC

Manhattan Consumer Sentiment: Momentum Pauses

Manhattan recorded 243 signed contracts (-8% WoW | +18% YoY), reflecting a short-term weekly decline alongside strong year-over-year growth.

The Howard Hanna NYC Manhattan Consumer Sentiment Index declined from +10% to 0%, moving into neutral territory after eight consecutive weeks of positive readings.

This suggests a pause in buyer momentum, particularly as increased inventory creates more optionality and pricing pressure.

Brooklyn Consumer Sentiment:  Buyer Engagement Strengthens

Brooklyn recorded 134 signed contracts (+6% WoW | –7% YoY), indicating a modest weekly increase despite softer year-over-year performance.

The Howard Hanna NYC Brooklyn Consumer Sentiment Index increased from +51% to +62%, highlighting continued strength in buyer engagement.

While activity remains below last year’s levels, sentiment trends suggest buyers are actively re-engaging as market conditions stabilize.

New Development Insights: Activity Expands Across Core Assets

According to Marketproof data, new development activity recorded 41 signed contracts across 34 buildings during the week of April 20, 2026. Top-performing developments included:

• The Strathmore (Yorkville) and 817 Classon Ave (Crown Heights), each with three contracts.

Activity remains concentrated in well-located, competitively priced developments, reinforcing a market where buyers prioritize quality, value, and long-term positioning.

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.