---
title: "NYC Real Estate Market Report Q2 2026"
description: "See Q2 2026 prices and sales activity across Manhattan, Brooklyn and Queens, plus practical buyer takeaways and a look at future housing supply."
url: "https://realestaterebatesnewyork.com/guides/nyc-real-estate-market-report-q2-2026"
source: "Real Estate Rebate Team"
---

Real Estate Rebate Team


Licensed Broker NY & NJ · License: 10491211335


## Q2 2026 at a glance


New York City did not have one clear housing story in Q2 2026. Manhattan prices moved close to record territory even though sales volume barely changed. Brooklyn apartment prices set new highs. Queens told two very different stories depending on whether the property was a house or an apartment.
- Manhattan apartments recorded a $1.29 million median, a $2.23 million average and 3,209 sales.
- Brooklyn co-ops and condos reached an $895,000 median, a $1.16 million average and 1,055 closings.
- In Queens, the median was $950,000 for one-to-three-family homes and $400,000 for apartments.


These figures are useful for direction, but they are not enough to price an individual property. The building, the block, monthly costs, condition and the most recent comparable sales still do most of the work.


Manhattan was still the most expensive market. Brooklyn apartments had the strongest median-price growth, while Queens houses and apartments continued to move at very different price levels.

This table can be scrolled horizontally.Average price, median price, closings and annual market signal by borough and residential segment in Q2 2026.Borough and segment
Average price
Median price(Highlighted column)
Closings
Annual signal
Manhattan apartments
$2,231,819
$1,290,000
3,209
Average +5%; median +6%; sales virtually unchanged
Brooklyn co-ops and condos
$1,159,709
$895,000
1,055
Record median; approximately +9%; closings +2%
Queens one-to-three-family homes
$1,028,756
$950,000
1,210
Prices firm; closings -6%
Queens apartments
$520,702
$400,000
964
Average +3%; closings -19%


Manhattan apartments had the highest average and median prices. Brooklyn co-ops and condos had a median of $895,000. In Queens, the median was $950,000 for one-to-three-family homes and $400,000 for apartments.


## Manhattan: prices climbed while sales barely moved


Manhattan apartments averaged **$2,231,819** in Q2 2026, 5% more than a year earlier. The median reached **$1,290,000**, up 6%. Both numbers were close to record territory, but the number of sales was almost unchanged at 3,209.

Part of that increase came from new-development closings. Those deals need context because the contract may have been signed many months, or even years, before the closing appeared in the quarterly data.

When I review a Manhattan property for a buyer, I start with recent sales in the same building. The borough median tells us the direction of the market. It does not tell us whether apartment 12B is fairly priced.


Manhattan's median rose 6% from a year earlier and finished Q2 2026 at $1.29 million.

Average sale price
Median sale price


The Manhattan average price rose from about $2.13 million in Q2 2025 to $2.23 million in Q2 2026. The median rose from about $1.22 million to $1.29 million.Detailed structured table for the chart: Manhattan average and median apartment pricesCategoryAverage sale priceMedian sale priceQ2 2025$2,128,987$1,221,900Q3 2025$2,008,245$1,200,000Q4 2025$2,131,585$1,170,000Q1 2026$2,212,653$1,253,000Q2 2026Latest$2,231,819$1,290,000


## Brooklyn: record prices, but not one market


Brooklyn's average co-op and condo price reached a record **$1,159,709**. The median also set a record at **$895,000**, about 9% above the prior-year quarter. Closings increased roughly 2% to 1,055.

The borough-wide figure hides a wide range. The Brooklyn Heights, Boerum Hill, Carroll Gardens, Cobble Hill and DUMBO group reported a $1.7 million median. Park Slope, South Slope and Windsor Terrace reached $1.5 million. Greenpoint and Williamsburg reached $1.415 million.

A buyer looking in Park Slope should not use a borough-wide median as the main benchmark. The better comparison is the same property type in the same part of Brooklyn, ideally with recent sales from the same building or a very close substitute.


Brooklyn's median apartment price reached a record $895,000 in Q2 2026.


Brooklyn's median apartment price moved from $820,000 in Q2 2025 to $895,000 in Q2 2026, with quarterly fluctuations in between.Detailed structured table for the chart: Brooklyn median apartment priceCategoryMedian apartment priceQ2 2025$820,000Q3 2025$884,000Q4 2025$815,000Q1 2026$836,000Q2 2026Latest$895,000


## Queens: houses and apartments told different stories


Queens had two distinct price levels in Q2 2026. One-to-three-family homes averaged **$1,028,756** with a **$950,000** median. Apartments averaged **$520,702** with a **$400,000** median.

The differences continued by region. Northwest Queens reported a $1.237 million median for homes and $572,500 for apartments. Northeast Queens reported $1.124 million and $407,800. Central Queens came in at $948,000 and $355,000. Southwest Queens reported $946,250 for homes and $570,000 for apartments.

The Southwest Queens apartment number came from only 14 closings, so I would treat it carefully. A small sample can move sharply from one quarter to the next.

For a buyer, the first step is simple: compare a house with houses and an apartment with apartments. Combining them can make Queens look cheaper or more expensive than the property you are actually considering.


The Queens house median was more than twice the apartment median. Combining the two property types would give buyers a misleading picture of the borough.


The median was $950,000 for one-to-three-family homes and $400,000 for apartments in Queens.Detailed structured table for the chart: Queens median prices by property typeCategoryMedian priceOne-to-three-family homes$950,000Apartments$400,000


## Future supply: more filings do not mean immediate inventory


REBNY counted 577 new-building filings citywide in Q1 2026. That was 13% more than the previous quarter and 74% more than one year earlier. The filings covered 21.2 million square feet, with multifamily development accounting for 15.5 million square feet.

The report listed 4,920 proposed units in Manhattan, 4,087 in Brooklyn and 2,076 in Queens. Together, that is 11,083 proposed units across the three boroughs in this report.

Buyers should not read those numbers as homes that will soon be available. Financing, approvals, construction delays and project changes can all affect whether a filing becomes a completed building, and how long that takes.


The filings included 4,920 proposed units in Manhattan, 4,087 in Brooklyn and 2,076 in Queens.


The report listed 4,920 proposed units in Manhattan, 4,087 in Brooklyn and 2,076 in Queens.Detailed structured table for the chart: Proposed housing units by boroughCategoryProposed unitsManhattan4,920Brooklyn4,087Queens2,076


## How I would use these numbers as a buyer's broker


I start with the building, not the borough. A Manhattan or Brooklyn median can show whether the broader market is moving up or down, but it cannot tell you whether a particular apartment is priced correctly. I would first look at recent sales in the same building, then compare them with the closest competing properties nearby.

I also separate recorded closings from the negotiation happening today. This matters especially in new development, where a contract may have been signed well before the closing appeared in the quarterly data.

Then I look at the complete cost of ownership. Maintenance or common charges, property taxes, assessments, financing and renovation work can change the economics of a purchase more than a small difference in asking price.

The quarterly report gives us the market temperature. The individual property, the building's finances and the seller's position tell us how to negotiate.


## About this report


This report was prepared by **[Régis Roumila](https://realestaterebatesnewyork.com/regis-roumila)**, a licensed real estate broker in New York and New Jersey and the founder of [Real Estate Rebate Team](https://realestaterebatesnewyork.com), with more than 25 years of experience in the New York City real estate market.


The report covers Q2 2026, from April through June, and combines publicly available market data from Brown Harris Stevens with development-pipeline data from REBNY. I reviewed the figures from a buyer's perspective, with particular attention to what the borough-wide numbers do and do not tell us about an individual property.


For a buyer consultation, property-specific market analysis or help comparing current listings, [contact Régis Roumila](https://realestaterebatesnewyork.com/contact).


**Sources**


- [Brown Harris Stevens Manhattan Apartment Market Report, Q2 2026](https://bhs-content.ion3.io/2026/07/Manhattan_2Q26_MR.pdf)

- [Brown Harris Stevens Brooklyn Market Report, Q2 2026](https://bhs-content.ion3.io/2026/07/Brooklyn_2Q26_MR.pdf)

- [Brown Harris Stevens Queens Market Report, Q2 2026](https://bhs-content.ion3.io/2026/07/Queens_2Q26_MR.pdf)

- [REBNY Q1 2026 New Building Construction Pipeline Report](https://www.rebny.com/reports/new-building-construction-pipeline-report-Q1-26/)


_Q2 2026 sales figures are preliminary and may be revised. Market-wide statistics do not establish the value of a specific property and should not be treated as an appraisal, investment recommendation, legal advice, tax advice or financial advice._


## Frequently Asked Questions
What was the Manhattan median apartment price in Q2 2026?+
The Manhattan median apartment price was $1.29 million in Q2 2026, up 6% from the second quarter of 2025.

What was the Brooklyn median apartment price in Q2 2026?+
The Brooklyn median co-op and condo price was a record $895,000 in Q2 2026, about 9% higher than one year earlier.

What were median home prices in Queens in Q2 2026?+
The median was $950,000 for one-to-three-family homes and $400,000 for apartments in Queens in Q2 2026.

Are the Q2 2026 figures final?+
No. The Brown Harris Stevens reports describe the Q2 2026 figures as preliminary, so later reports may revise them.

Can a borough median tell me what a specific NYC property is worth?+
No. A borough median gives market context. A useful property analysis also needs recent comparable sales, condition, building finances, monthly costs and current competition.


Private Advisory • Régis Roumila

## Have Questions Before You Buy?

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[Schedule a Consultation](https://realestaterebatesnewyork.com/cdn-cgi/l/email-protection#d8b1b6beb798aabdb9b4f5bdabacb9acbdf5aabdbab9acbdf6bbb7b5)


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