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 - 11/24/2025
The Luxury Sector:
Twenty-nine contracts were signed in Manhattan at $4 million and above last week – four more than the previous week. Condos continue to dominate, out selling co-ops 22 to 5, with two townhouses also in the mix. Sponsor and new development contracts made up half of all Luxury deals, underscoring the continued strength of that segment. The top contract of last week was 32A Central Park South, asking $39 million listed this past May. The second highest was the Penthouse at 832 Park Ave., asking $26.95 million after a reduction from its original $29.95 million price when it hit the market in March.
Overall City/Market Supply:
There are currently 6,453 apartments on the market, down 6.9% from last month and 1.8% year-over-year. The seasonal reduction in supply is becoming more pronounced, with total listings now 3% lower than last week. From here, expected inventory to continue declining through-mid to late-January before new listings begin re-entering the market and supply starts to rise again. Many analysts anticipate the total Manhattan supply will dip into the high-5,000 range before the listing season ramps up again in early 2026. On the weekly side, 242 new listings came on the market last week – down 3.6% from the prior week, right in line with seasonal patterns as the market winds down and prepares for the new year’s cycle.
Liquidity Pace (The 30-Day Pace of Buyer Demand):
Over the past 30 days, 987 apartments went into contract, which is 15.7% higher than last month and 2.5% higher than this time last year. While this figure is slightly lower than last week’s tally, the overall pace is exactly where it should be as we move deeper into the fall market and approach the end-of-year holidays. Historically, the in-contract market at this time of year follows this pattern, and today’s numbers are right in line with seasonal norms. On the weekly side, buyers put 187 apartments into contract – an 18% week-over-week decline. That drop might look sharp, but it’s completely typical for mid-November as activity naturally tapers off. Many in the industry believe that the contract market has peaked for the season and will gradually slow from here. Still, the bigger picture remains positive; the historical average for November is about 850 contract signings, and this month’s 30-day pace is already well above 950. Barring any major surprise, November is on track to finish stronger than 2024.
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.
