Three major, independent real estate firms—Oxford Property Group, Spire Group, and Level Group—have officially merged to form FIND Real Estate. This unified brand launches with over 1,000 agents spanning New York, Connecticut, New Jersey, and Florida. The merger is positioned as a collaborative effort to build a stronger future, focusing on empowering agents, modernizing operations, and offering clients a seamless experience through an expanded network and enhanced services. FIND Real Estate continues the legacy of excellence of its founding firms across residential and commercial sectors.

--- title: "2025 NYC Real Estate Market: Key Dynamics and Outlook" date: "2025-01-15" description: "An in-depth analysis of the 2025 NYC real estate market, covering borough-specific dynamics, interest rates, rental market trends, and 2026 outlook." tags: ["real-estate", "nyc", "market-analysis", "manhattan", "brooklyn", "queens", "bronx"] --- The 2025 NYC real estate market has demonstrated remarkable resilience, effectively bucking national headwinds of sluggishness and the "lock-in" effect. While U.S. home sales dipped slightly year-over-year, New York City—particularly Manhattan—saw a 5.8% increase in new contract signings by mid-year. ## Macroeconomic and Interest Rate Realities The market has adjusted to a "new normal," where the era of near-zero interest rates is firmly behind us. **Mortgage Rates:** By December 2025, the 30-year fixed rate stabilized between 6.12% and 6.23%, with jumbo loans trending slightly higher at 6.40% to 6.57%. **Monetary Policy:** Federal Reserve rate cuts in late 2024 and again in October 2025 boosted buyer confidence and revived contract activity. Inflation is projected to cool gradually, declining from 3.0% in 2024 toward 2.1% by 2027. **Price Warning:** Waiting for rates to fall further may backfire. As rates decline, competition intensifies and prices tend to rise. National forecasts suggest existing home sales could increase by over 10% in 2026. ## Borough-Specific Market Dynamics The recovery remains uneven, with notable divergence by borough and price segment, especially in the luxury market. **Manhattan: The Luxury Engine Refires** Manhattan continues to operate as a bifurcated market. The average sales price rose nearly 3% to $2.066M, largely powered by the luxury segment. Yet the median sales price fell to $1.1M, the lowest fourth-quarter figure in five years, showing pressure in the mid-market. Inventory is tightening, with active listings down about 8% year-over-year. **Brooklyn: The Seller's Stronghold** Brooklyn remains the city's core growth engine. **Inventory Shortages:** Inventory shortages have become severe, with listings dropping over 28% year-over-year. **Months of Supply:** Months of supply fell to just 2.1 months, creating intense bidding environments. **Price Increases:** One-to-three family homes in the top price tier saw a 25%+ annual price increase, hitting a median of $2.7M. **Queens: The Search for Value** Queens continues to attract buyers priced out of Brooklyn. The median home price climbed to $630,000, up 11% year-over-year, with areas like Ridgewood experiencing surging search activity. **The Bronx: The High-Growth Frontier** The Bronx is now the city's percentage leader in price appreciation. **Price Growth:** Prices increased 17% year-over-year. **Median Price:** The median home price reached $655,000. **Days on Market:** Homes sold faster, with days on market dropping to roughly two months. ## The Rental Market Catalyst New York's tight rental market is still a major driver pushing renters into homeownership. **Vacancy Rates:** Vacancy rates remain extremely low, between 1.4% and 1.75%. **Median Rents:** Median asking rents hover around $3,500–$4,000. **Rent Escalation:** Escalating rents make fixed mortgage payments increasingly appealing, encouraging renters to transition into buyers. ## 2026 Outlook and Strategy The market is positioned for continued but moderate growth. **Mortgage Rate Stability:** Mortgage rates are expected to stabilize between 6.0% and 6.5%. **Market Strength:** Predictions of a market crash have not materialized—if anything, the market has strengthened. **Hyper-Local Strategy:** Winning in 2025 will require a hyper-local strategy, recognizing that demand patterns differ significantly from borough to borough.