**Is It a Buyer’s or Seller’s Market in NYC Right Now?**

**How to read the 2025 numbers (and act like a pro) in Manhattan, Brooklyn & the Hamptons**

Introduction: A two-minute market story

Last week a *tech‑savvy*, *media‑savvy* designer in SoHo asked me, “Syd, is it finally a **buyer’s market**, or am I still multiplying by zero?” I smiled (Word!) and pulled up the latest data. The twist (like **Chubby Checker**) is that **NYC is a market in transition**—*not* one-size-fits-all. **Manhattan** looks more negotiable, **Brooklyn** still has *Hot! Hot! Hot!* segments, **Queens** leans tight at entry price points, and the **Hamptons** split between trophy buyers and value hunters. Below, I’ll show you what the numbers mean for **how you live, invest, and win**—with plain English, *crisp* visuals, and on‑the‑ball strategy.

**Quiet promo, loud value:** When you’re ready to **elevate** your next move, visit **[NYCExclusiveApts.com]** — *“Your Premier Bridge to Manhattan Living.”* Or call **Sydney Harewood — 646‑535‑3819**. We’ll get you into Manhattan (and beyond) with **vision to see – faith to believe – courage to do**.

Who this is for (and your transformation)

**Any first‑time buyer, move‑up buyer, renter, or ROI‑focused investor can make smarter, faster decisions by aligning budget + timing with neighborhood‑level supply, because months‑of‑supply, median pricing, and rent trends reveal where negotiating power lives right now.**

* **Buyers/Renters need guidance** → *Clarity* on where selection is expanding and how to position offers.
* **Investors want ROI** → *Signals* on cash flow, price momentum, and micro‑trends that drive appreciation.

TL;DR — The market mood (August 2025)

* **Mortgage rates** are holding around the **mid‑6s** (30‑yr \~ **6.58%**), easing from 2024 peaks but still high enough to keep some would‑be buyers renting. ([Freddie Mac][1])
* Nationally, inventory has climbed toward a **more balanced** backdrop (≈ **4.6 months** in July), but NYC remains highly local. ([AP News][2])
* **NYC snapshot (Q2–July 2025)**

* **Months of Supply (Q2):** Manhattan **8.2** (more buyer leverage), Brooklyn **4.2** (tighter), Queens **3.6** (seller‑tilted entry), Hamptons **8.2** (negotiable at the top). *(See chart.)*
* **Median Sale Price (Q2):** Manhattan **\$1.20M**, Brooklyn **\$995K**, Queens **\$714K**, Hamptons **\$1.895M**. *(See chart.)*
* **Median Rent (July):** Manhattan **\$4,700** (record), Brooklyn **\$3,850**, Northwest Queens **\$3,750**. *(See chart.)*

Market Trends: A closer look by area

Manhattan — *Negotiability with momentum under the surface*

* **Supply:** **8.2 months** (Q2), a touch faster than last year; **inventory 8,296**. Expect *measured* buyer leverage, especially above \$2M where days on market widen.
* **Prices:** **Median \$1.20M** (Q2); median **rent \$4,700** (July), a fresh record.
* **Contracts:** July **new signed contracts** rose versus 2024—evidence that buyers are re‑engaging as rates stabilized. ([Douglas Elliman][3])

**Transformation:** *Any Manhattan buyer can negotiate with confidence by targeting listings where MOS > 6 months and price cuts cluster, because the data shows time‑on‑market + supply are giving you room to move without sacrificing quality.*

Brooklyn — *Still competitive, but rational*

* **Supply:** **4.2 months** (Q2). That’s balanced‑to‑tight, especially for well‑renovated homes near transit.
* **Micro‑trend:** **Bidding wars at 22.5%** with an average **6.2%** over ask—a reminder to come in prepared and *ultra* organized.
* **Prices:** **Median sale \$995K** (Q2); **median rent \$3,850** (July).

**Transformation:** *Any Brooklyn buyer can outmaneuver the crowd by pairing a full pre‑underwrite with flexible closing terms, because the data shows premium listings still ignite multiple offers where supply is thin.*

Queens (with an eye on Northwest Queens) — *Entry‑level pressure, strategic pockets*

* **Supply:** **3.6 months** (Q2 borough‑wide). Entry and mid‑price 1–3 family homes continue to see competitive absorption. ([Douglas Elliman][4])
* **Rents & inventory:** Northwest Queens (LIC, Astoria +) median **rent \$3,750** (July) and **new listings up 10.4% YoY**—a useful release valve for renters. Citywide rental inventory rose sharply month‑over‑month in July (though still down YoY, largely due to Manhattan). ([StreetEasy][5])

**Transformation:** *Any Queens renter can lower total monthly outlay by targeting rising‑inventory submarkets (hello, LIC/Astoria) and negotiating concessions, because fresh July data shows more options hitting the market.*

Hamptons — *Luxury stamina with selective softness*

* **Supply:** **8.2 months** (Q2). **Sales > \$5M** posted the **second‑highest** tally on record; **days on market fell to 97** (down from 132). Negotiability is market‑by‑market (Amagansett ≠ Water Mill).
* **Prices:** **Median \$1.895M** (Q2), inventory up slightly—*prime* water‑adjacent remains a crown jewel; inland needs sharper pricing.

**Transformation:** *Any Hamptons investor can score!—by leaning into micro‑markets where inventory is rising but trophy demand is steady, because negotiable segments create yield via short‑term rental or off‑season usage.*

Housing Supply — What the numbers actually *mean*

**Months of supply (MOS)** answers: *If no new homes hit the market, how many months until today’s inventory sells?*

* **Rule of thumb:** **4–6 months** = balanced; **>6** tips buyer‑friendly; **<4** tips seller‑friendly (context matters by asset class). ([ShowingTime+][6], [The Close][7]) **NYC MOS at a glance (Q2 2025)** — *see chart above* * **Manhattan:** **8.2** → more **buyer leverage**, especially above median. * **Brooklyn:** **4.2** → *balanced‑to‑competitive*. * **Queens:** **3.6** → *seller‑tilted* in entry price tiers. ([Douglas Elliman][4]) * **Hamptons:** **8.2** → **negotiable**, with luxury holding firm. > **Jargon buster:** *Bidding war* = multiple offers pushing final price above ask; *Listing discount* = sale price minus last asking price.

**Visuals to anchor your strategy**

*(Charts are displayed above in this article.)*

1. **Months of Supply — Q2 2025** *(NYC & Hamptons)* → Instantly shows where leverage sits.
2. **Median Sale Price — Q2 2025** *(Millions USD)* → Sets realistic expectations by borough/region.
3. **Median Rent — July 2025** → Helps you run the rent‑vs‑buy calculus at today’s rates.

**Data sources:** Douglas Elliman / Miller Samuel quarterly & monthly reports; see citations throughout.

What’s Next? (Rates, demand, and your timing)

* **Rates**: 30‑yr fixed near **6.58%**; consensus for **mid‑6s** through 2025—with purchase apps improving from 2024. Translation: affordability is better than last year but still *not* mint‑condition cheap. ([Freddie Mac][1])
* **National balance**: U.S. supply has nudged toward balance this summer, lengthening marketing times—a backdrop that empowers *prepared* buyers without collapsing prices. ([AP News][2])
* **NYC rental release valve**: After the **FARE Act**, StreetEasy observed inventory rebuilding (June), and July brought a citywide month‑over‑month jump—particularly outside Manhattan—offering more choice for renters as we move into fall. ([StreetEasy][8])

**Bottom line:** Expect a **range‑bound, rational** market into fall—*not* a fire sale. Opportunity accrues to the **patient and prepared**.

Market in Transition — Micro‑trends to watch

* **Luxury bifurcation**: Manhattan luxury contracts (>\$4M) held pace even as some new listings fell; Hamptons luxury sales remained historically strong. Translation: trophy still shines. ([Douglas Elliman][3])
* **Brooklyn intensity pockets**: 22.5% of sales closed in bidding wars, averaging **6.2%** over ask—*prime brownstone and renovated condos remain a showstopper.*
* **Queens affordability magnet**: MOS **3.6** with record co‑op/1–3 family pricing in certain sub‑regions—value hunters should be precise and fast. ([Douglas Elliman][4])
* **Rental heat with nuance**: Manhattan’s **\$4,700** median rent is a new high; NW Queens sits lower with more new listings, enabling strategic “**rent now, buy later**” plays.

Patience and Preparedness — Your playbook

Buyers

* **Finance like a pro**: Full pre‑underwrite + rate‑float strategy. Ask for *seller‑paid points* or closing credits where days‑on‑market and MOS justify it. *(Manhattan & Hamptons)*
* **Target leverage zones**: Focus searches where **MOS > 6** and price cuts bunch; anchor offers to recent nearby trades, not list prices. *(See MOS chart.)*
* **Time your tour cadence**: In Brooklyn hot zones, **first‑weekend** tours and *clean* terms win; waive non‑essential asks, keep contingencies tight and clear.

Renters

* **Exploit fresh inventory**: Track weekly adds in NW Queens and Brooklyn submarkets (e.g., Gowanus, Fort Greene, Downtown BK). Push for free months or fee relief *when DOM rises*. ([StreetEasy][5])
* **Calendar edge**: Aim for late‑August/September turnover—inventory is **expansive**, concessions appear as owners reset. (Yes, we *savor* that.) ([StreetEasy][5])

Investors

* **Cash‑flow first**: Underwrite at **6.6–6.8%** rates, stress‑test for vacancy and insurance. Use **NW Queens** rents and **Brooklyn** bidding‑war signals to project lease‑up velocity.
* **Barbell strategy**: Pair one **prime, low‑cap** asset (durable appreciation) with one **value‑add** unit in a rising‑inventory rental micro‑market—**maximum** flexibility, **minimum** wobble. ([StreetEasy][5])

Expert Tips, Techniques & Best Practices

* **Offer architecture:**

1. Anchor to comps in the last 90 days.
2. Escalation clause in Brooklyn hot spots; hard‑money day‑one deposit only if diligence already done.
3. In Manhattan/Hamptons, lead with *repairs/credits* vs. price where sellers are rate‑sensitive.
* **Rent‑vs‑buy math:** Use **record Manhattan rents** as a benchmark—if ownership cost (PITI − tax benefits − principal paydown) < expected rent by \~5–10%, consider buying **now** in neighborhoods with **MOS > 6**.
* **Timing the Twist:** Don’t wait for perfect rates. A **0.25–0.50%** rate shift rarely beats capturing the **right property**. Refinance later if the *apex* of savings appears. ([Freddie Mac][1])

Data Deep‑Dive (for the analytically inclined)

**Manhattan (Q2 2025):** Months of Supply **8.2**; Median Sale **\$1.20M**; Listing Inventory **8,296**. **July rent \$4,700**; vacancy **2.45%**. Contracts up YoY.
>
**Brooklyn (Q2 2025):** MOS **4.2**; Median **\$995K**; **22.5%** bidding wars, **6.2%** avg premium. **July median rent \$3,850**.
>
**Queens (Q2 2025):** MOS **3.6**; Median **\$714K**; inventory down **30.1%** YoY; NW Queens **July median rent \$3,750** with listings **+10.4% YoY**.
>
**Hamptons (Q2 2025):** MOS **8.2**; Median **\$1.895M**; **2nd‑highest** >\$5M sales count; DOM **97** (down from **132**).
>
**Rates:** 30‑yr fixed ≈ **6.58%**.
>
**National context:** Inventory ≈ **4.6 months** (July), trending toward balance.
>
*Citations in‑line throughout.* ([StreetEasy][5], [AP News][2], [Freddie Mac][1])

Conversation Starters (use these with your lender, attorney, or me)

* “Where in **Manhattan** is MOS > 6 and days‑on‑market > 60?” (Let’s shortlist and strike.)
* “Which **Brooklyn** submarkets still show **>20%** bidding‑war share?” (Pre‑write or escalate?)
* “In **NW Queens**, which buildings added the most listings in July?” (Concessions, anyone?) ([Douglas Elliman][9])
* “How do today’s **6.58%** rates change my budget vs. 2024?” (Run the numbers.) ([Freddie Mac][1])

Agent Takeaway

**NYC 2025 = *segmented balance***. **Manhattan** and the **Hamptons** offer *negotiability* (buyer lean in certain bands), **Brooklyn** remains *competitive* where renovated supply is scarce, and **Queens** delivers *value* with speed at entry price points. **Prepared buyers** and **strategic renters/investors** are winning—**today**.

Agent Play (your next best steps)

1. **Calibrate** your budget at current rates (we’ll model payment bands at 6.25–6.875%). ([Freddie Mac][1])
2. **Pick your leverage lane**: Manhattan/Hamptons (negotiate), Brooklyn (speed + terms), Queens (precision + pace).
3. **Execute**: Tour the top 5 fits within 7 days; be ready with a clean offer or a rent‑concession ask.

**Just a heads up:** The *normal flow* of NYC real estate always carries a little **wobble**. Stay tuned in; we’ll **plan, develop, and deliver** your path. A little **verve** goes a long way.

Purpose & Focus (so you can reference this anytime)

* **Purpose:** Give you a **clear picture** of where NYC stands **today**, plus **evergreen** definitions so this guide endures through the cycle.
* **Focus:** Translate **supply, pricing, and rents** into actions that upgrade quality of life and **optimize ROI**—from **Manhattan** to **Brooklyn** to the **Hamptons**.

Ready to move from information to elevation?

**Savor** NYC’s *energy*, culture, and opportunity **toute la journée, toute la nuit**. Whether you’re aiming for a sun‑kissed *Perch* with a **vista**, a **sumptuous** brownstone, or a Hamptons retreat with **refinement** and **vogue**, let’s **ascend** together.

**Sydney Harewood** — **646‑535‑3819**
**[NYCExclusiveApts.com]** — *Your Premier Bridge to Manhattan Living*

**“Get it—and bring your pets—with all the perks.”** Come see it **TODAY**; come get it, **contact us TODAY!**

Sources (select highlights)

* Douglas Elliman / Miller Samuel: **Manhattan Q2 2025**, **Brooklyn Q2 2025**, **Queens Q2 2025**, **Hamptons Q2 2025**; **July 2025 Rentals**; **July 2025 New Signed Contracts**.
* Freddie Mac PMMS (rates). ([Freddie Mac][1])
* AP: National sales & inventory snapshot (July 2025). ([AP News][2])
* StreetEasy: Neighborhood rental inventory shifts & FARE Act inventory note. ([StreetEasy][5])

*P.S. Making sport and a little skylarking is allowed on tours. We’ll keep the **brass tacks** sharp and avoid any **monkey handling gun** moments. Island of sea and sun spirit—**Barbados to NYC**—in the room.*

Sydney Harewood is a real estate professional with a passion for NYC’s architectural gems. For inquiries, call or message Syd at 📞646-535-3819. Experience the finest in NYC real estate with Syd’s expert guidance and deep knowledge of the city’s most exquisite properties.

We hope you found this information helpful. If you have any other questions or need more details, feel free to contact us.

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