{"id":183568,"date":"2026-04-02T17:17:06","date_gmt":"2026-04-02T17:17:06","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/183568\/"},"modified":"2026-04-02T17:17:06","modified_gmt":"2026-04-02T17:17:06","slug":"new-york-city-sees-slumping-sales-and-soaring-prices-in-first-quarter-eyes-strong-spring","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/183568\/","title":{"rendered":"New York City sees slumping sales and soaring prices in first quarter, eyes strong spring"},"content":{"rendered":"<p>Sales were down for the first quarter when compared to Q1 2025. In Manhattan, the company had 2,458 closed sales, down 15.9% from the previous year. In Brooklyn, there were 2,152 closed sales, down 20.2% year over year.<\/p>\n<p>Even with sales down, prices continued to increase. Manhattan median prices reached $1.285 million, up 8% from Q1 2025 and 10.8% from Q4 2025. Brooklyn\u2019s median price was $1.009 million, down 2.2% from last year but up 1.2% from the fourth quarter.<\/p>\n<p>One silver lining in the report was an increase in inventory in the city, which one agent said could set things up for a strong second quarter.<\/p>\n<p>Kevelyn Guzman (pictured top), regional vice president of Coldwell Banker Warburg, is hopeful that the spring buying season could <a href=\"https:\/\/www.mpamag.com\/us\/mortgage-industry\/market-updates\/reason-for-optimism-why-one-agent-expects-a-healthy-spring-despite-market-volatility\/569672\" target=\"_blank\" rel=\"nofollow noopener\">be a successful one<\/a>, despite the higher interest rates.<\/p>\n<p>\u201cThe market seems to be recalibrating rather than slowing down,\u201d Guzman told Mortgage Professional America. \u201cInventory was up almost 20% quarter-over-quarter, so buyers have more options, but price per square foot remained more or less the same, as did discounting. The combination of increased supply but unchanged prices sets things up for a competitive, and hopefully healthier, spring market.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Sales were down for the first quarter when compared to Q1 2025. In Manhattan, the company had 2,458&hellip;\n","protected":false},"author":2,"featured_media":183569,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[73885,9,15110,11,10,73884],"class_list":{"0":"post-183568","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-york","8":"tag-manhattan-and-brooklyn-home-prices","9":"tag-new-york","10":"tag-new-york-city-real-estate-market","11":"tag-new-york-headlines","12":"tag-new-york-news","13":"tag-nyc-housing-inventory-2026"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/183568","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=183568"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/183568\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/183569"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=183568"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=183568"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=183568"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}