Manhattan Real Estate Market Update - Mar. 19, 2025

The big story in the Manhattan real estate market last week? Buyers have a lot more choices. 538 new listings came on the market, a 13.5% increase over the previous week. That's a total of 2,320 new listings over the last 30 days, higher than we've seen at this time of year for several years.

Buyers are clearly on the lookout for new listings. 8.5% of those new listings went into contract during those first 30 days. A number of 8% or higher is pretty rare, but it's happened four out of the last five weeks.

Here's what this means for sellers. It's a mixed blessing. With more listings on the market, you have more competition. Be sure your offering is presented well, and your pricing is realistic. On the other hand, more listings bring out more buyers. As the saying goes, a rising tide lifts all boats.