New York City’s housing market in June 2025 is full of opportunity — if you know how to play it. Here’s what I’m seeing on the ground and what the latest data shows:
👉 Buyer advantage is growing — with about 20,700 homes on the market, buyers have more options than last year.
👉 Median sale price: $875,000 (up 3.5% year-over-year).
👉 Days on market: Up 29% to 121 days on average, meaning properties are sitting longer — and negotiation power is shifting to buyers, especially for homes over $1.2M.
💡 My take: Properties priced right are still getting action. Overpriced listings? Sitting. Sellers, timing and pricing are everything right now.
FARE Act Changes NYC Rentals: What It Means for You
As of June 11, 2025, NYC landlords — not tenants — are required to pay broker fees.
✅ This means renters save thousands upfront (average savings: ~$5,000-$7,000).
✅ But landlords are already raising rents by $300-$500/month to offset these costs.
✅ Brooklyn and Queens renters now have more leverage and options thanks to new developments and more inventory.
💡 What I’m seeing:
Increased concessions (like 1 month free) and faster lease-ups in outer boroughs. Manhattan remains tight — rents are still climbing.
Office Conversions and Housing Supply: A New Dynamic
NYC is pushing forward with major office-to-residential conversion projects (think: 5 Times Square adding 1,250 apartments).
✅ But overall, new housing supply is still not keeping up with demand — putting upward pressure on prices in desirable neighborhoods.
Material Costs + Construction Slowdown = Opportunity
Tariffs and material price hikes (+22% YoY for steel, glass, etc) are slowing new construction and renovations.
👉 Why this matters: Fewer new builds mean existing properties hold their value better — and motivated sellers on older inventory may offer deals.
What to Do Right Now
💥 Sellers: Price it right, market it smart. Buyers have options — but well-priced, well-presented homes still sell fast.
💥 Buyers: Leverage the longer days on market and negotiate hard, especially at higher price points.
💥 Renters: Act fast in outer boroughs — deals exist, but landlords are adjusting quickly post-FARE Act.
💥 Investors: Watch office conversions + target Queens/Bronx for strong rent yields (4%–5.5% gross).
💬 Let’s Talk
Thinking about buying, selling, or investing in NYC? DM me or contact me today — I’ll break down what these trends mean for your situation!
