The New York City Weekly Real Estate Update
Real Estate Guidance You Can Count On!
Below, you’ll find my weekly market update along with information about the market and myself. Please don’t hesitate to reach out with any questions — I’m always here to help.
The Weekly Manhattan Market Report - 04/13/2026
The Luxury Sector:
Thirty-eight contracts were signed last week in Manhattan at $4 million and above, seven more than the previous week. Condos led the way, outselling co-ops 24–11, with three townhouses in the mix. The standout this week was the Upper West Side, where 12 condo contracts were signed–the strongest showing since the week of May 19, 2025, when 13 were inked during the biggest week of that year. The top contract was Unit 40N at 50 W. 66th St., asking $23.5 million, notably raised from $21.5 million when the building first launched off floorplans in July 2022. The No. 2 deal was the 16th floor at 16 Fifth Avenue, asking $16 million, after a slight reduction from $16.25 million when it was listed in October 2023.
Overall City/Market Supply:
There are currently 6,132 listings on the market–another week-over-week uptick in supply. That said, overall inventory remains very tight, still about 10% lower year-over-year and also below where we’ve been over the past five years. At this point, it looks like this is how the spring market may play out–a steady build, but from a lower base. Historically, we’d expect inventory to peak around 7,500 listings by the end of May, but at the current pace, that feels like a stretch. Looking at the weekly numbers, 526 new listings came to market–a 66.5% increase from the prior week. While that's a strong jump, it’s important to know that last week was impacted by Passover, Easter, and school vacations. So this week‘s increase is more of a return to normal weekly levels than a true surge.
Liquidity Pace (The 30-Day Pace of Buyer Demand):
The 30-day pace of buyer demand checked in at 1,073 contracts signed, a slight week-over--week increase, but still down 7.3% from last year. With inventory also down roughly 10%, you’re seeing that same constraint carry through to contract activity–less supply, fewer deals. Looking at the weekly numbers, 249 apartments went into contract last week, a 5.3% decline from the prior week. Given the holiday backdrop, that’s not surprising, and the overall weekly pace is essentially flat. Now that the holidays are behind us, expect contract activity to begin ramping up again. The big question is: how strong will the buyer push be?
One thing for certain–price is king in this market. Looking at non-luxury co-op and condo sales, about 60% of listings go into contract within the first 30 days, which is a strong success rate compared to recent years. But that also means 84% of listings are missing for mark on pricing and tend to linger. In a tight inventory environment, proper pricing is what makes a listing stand out. Buyers don’t have a lot to choose from–so when something is priced right, it moves quickly.
About Dylan Hoffman
Dylan Hoffman
With a stellar track record of success spanning over two decades, Dylan Hoffman has become one of the most well-regarded brokers in New York City real estate. Known for his deft ability to simplify complicated transactions, stay abreast of the ever-evolving marketplace and connect with his clients in a meaningful way, he's a powerful resource for buyers, sellers, renters and investors. It's no surprise that his dynamic approach has driven The Hoffman Team at Compass to the upper echelons of New York City success: The team ranked No. 4 in transactions and No. 11 in dollar volume according to WSJ/REAL Trends.
As a New York real estate investor himself, Dylan is ever-mindful of the fact that he's dealing with his clients' most prized assets, which drives his laser-focus on maximizing value. He's assembled an extensive local network, and he provides expert guidance in everything from securing financing and legal advice to finding the best architects and contractors. From the initial consultation to the closing table, Dylan is a trusted advisor, skilled negotiator and expert broker ready to help clients exceed their unique real estate goals.
A California native, Dylan studied theater at California State University, putting himself through college and an acting conservatory with a multitude of roles in commercials, on television and with national touring companies. Today, Dylan resides on the Upper West Side with his wife and two children. In his free time, he can be found with his family, enjoying Central Park or exploring Manhattan on a CitiBike.
