Hey, there! We have some great news to share with you! 📢🔥 The MARCH 2025 market report is now ready! It's critical to keep informed, so follow the link for the complete story. Stay current and in the know! 😉✨
Access Manhattan Full Report Here!
Access Brooklyn Full Report Here!
Access Queens Full Report Here!
Also, we wanted to wish you a good week full of happiness and success. May every day offer you new opportunities and delight!
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Manhattan Market Report for March 2025 showing real estate statistics: average condo sales price at $3.3M, median condo sales price at $1.9M, average co-op sales price at $1.7M, median co-op sales price at $820K, inventory increase of 10.4% from February 2025, and an average discount of 7%. Presented in a sleek, modern design with a residential interior background, branded by Compass Real Estate.
Manhattan: Strong Prices Amid Rising Inventory
Manhattan remains the city's high-value hotspot, showcasing impressive sales figures. Average condo prices reached $3.3M, with median sales settling at $1.9M, underscoring the area's robust luxury appeal. Co-op apartments saw an average price of $1.7M, with the median at $820K, indicating continued strong demand. Notably, Manhattan experienced a significant inventory increase of 10.4% from the previous month, suggesting growing options for buyers in the coming months. Additionally, buyers benefited from an average discount of 7%, highlighting a window of opportunity for those entering the market.
Brooklyn Market Report for March 2025 showing real estate statistics: average condo sales price at $1.3M, average co-op sales price at $655K, average house sales price at $1.6M, a 6.2% increase in inventory from February 2025, a 12.3% increase in average days on market (DOM) from February 2025, and a 5% average discount. Presented in an elegant, modern layout with an inviting, airy residential interior background, branded by Compass Real Estate.
Brooklyn: Steady Growth and Increased Buyer Activity
Brooklyn's real estate continues to thrive, marked by stable and attractive price points. Condos averaged at $1.3M, while co-ops presented a more accessible entry point at an average price of $655K. Houses averaged around $1.6M, demonstrating the borough's desirability for diverse buyers. The market dynamics revealed a 6.2% rise in inventory, providing increased options for buyers. However, the average days on market (DOM) climbed by 12.3%, reflecting buyers' cautious approach and more deliberate decision-making processes. Meanwhile, sellers offered an average discount of 5%, maintaining balanced market dynamics.
Queens Market Report for March 2025 showing real estate statistics: average condo sales price at $616K, average co-op sales price at $338K, average house sales price at $1.1M, a 3.2% increase in inventory from February 2025, a 15.9% decrease in average days on market (DOM) from March 2024, and a 3% average discount. Displayed in a contemporary, clean layout with a bright residential interior featuring city views, branded by Compass Real Estate.
Queens: Affordable Entry Points and Fast-Moving Properties
Queens continues to attract buyers seeking affordability combined with quality. The average condo sales price stood at $616K, with co-ops being the most affordable option, averaging $338K. Houses held firm at an average of $1.1M, reflecting Queens' growing popularity among families and young professionals alike. Interestingly, Queens saw only a modest 3.2% inventory increase but notably experienced a substantial decrease in average DOM by 15.9% compared to the previous year, indicating stronger buyer urgency and quicker transaction cycles. Additionally, buyers enjoyed a moderate average discount of 3%.
Strategic Insights for Buyers and Sellers
The current trends across these boroughs provide crucial insights for prospective buyers and sellers. Manhattan remains ideal for luxury-focused investments, Brooklyn continues to offer stable and attractive mid-market opportunities, while Queens is appealing for entry-level buyers or those looking for quicker transactions.
As inventory levels adjust and price dynamics evolve, both buyers and sellers should stay informed and agile. For personalized advice and detailed market analysis tailored to your goals, connect with our team at Compass Real Estate.
Stay ahead by leveraging these market insights to make informed, strategic decisions in New York City's vibrant real estate market.
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Explore the latest NYC real estate trends in Manhattan, Brooklyn, and Queens from March 2025. Featuring insights into average condo, co-op, and house sales prices, market inventory shifts, average discounts, and days on market data. Stay informed on property values, pricing trends, and market conditions with Compass Real Estate’s expert market reports, tailored to guide your real estate decisions.