New York, NY
Monthly housing intelligence, market trends, and trusted local expertise.
Updated: April 2026
The New York-Newark-Jersey City metropolitan area demonstrates stabilizing conditions as of April 2026, with a pending ratio of 0.47. While active listings have increased year-over-year, median listing prices have seen a modest decline.
Active listings have expanded by 6.2% year-over-year, reaching 33,514 units, alongside an 11.4% increase in new listings to 18,666. Despite this growth in available inventory, the median listing price has experienced a 2.1% year-over-year contraction to $772,929. The pending ratio currently stands at 0.47, indicating a balanced demand absorption, though this represents a significant 22.6% decline from the previous year. Median days on market decreased by 9.0% year-over-year to 41 days.
Five-borough market defined by co-op nuance and condo absorption.
Market Signals & Indicators
The current environment suggests a balanced position regarding negotiating leverage. The increase in active and new listings provides more options for prospective purchasers, but the reduction in median days on market to 41 days implies properties are still moving with reasonable velocity. Price discipline remains important as the market navigates increased inventory and a moderating pending ratio.
The average listing price has declined by 4.5% year-over-year to $1,577,835, diverging from the median listing price which saw a more modest 2.1% decline. This, combined with a 1.3% year-over-year decrease in median price per square foot to $540, suggests some softening in the higher tiers of the market.
33,514 active listings represent the current floor, with new supply arriving at roughly 18,666 per month.
of active listings carry a price reduction, +0.6% from prior period.
Median price per square foot has moved -1.3% year-over-year.
Pending-to-active ratio — Stabilizing.