𝐉𝐮𝐥𝐢𝐚𝐧'𝐬 𝐓𝐚𝐤𝐞: 𝐀 𝐓𝐚𝐥𝐞 𝐨𝐟 𝐓𝐰𝐨 𝐀𝐩𝐚𝐫𝐭𝐦𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭𝐬

Depending on where you live, the real estate market might feel red-hot—or oddly quiet. The truth? Local apartment markets are starting to move in very different directions. In some cities, buyers are calling the shots. In others, sellers still hold the upper hand. Welcome to the tale of two markets.

What’s a Buyer’s Market vs. a Seller’s Market in NYC?

In a buyer’s market, there are more apartments available than there are buyers. That means listings sit longer, buyers gain negotiating power, and prices may soften. It’s a classic case of supply and demand.

On the other hand, a seller’s market happens when there aren’t enough apartments for the number of interested buyers. That leads to quicker deals, bidding wars, and rising prices—something New Yorkers have seen many times over the years.

Right now, both of these scenarios are playing out—but which one applies to your neighborhood in New York City? The answer may surprise you.

The Shift Is Regional—But NYC Has Its Own Story

According to the latest data, the Northeast—including NYC—is still leaning seller-friendly in many areas. Demand is strong in well-connected Manhattan neighborhoods, sought-after co-op buildings, and Brooklyn brownstone blocks. That means many sellers still have the advantage.

But in some corners of the city—especially in the higher-end luxury segment or new development resale units—we’re seeing a shift toward buyer leverage. With more inventory on the market, those searching for an apartment may now have room to negotiate.

This split isn’t just happening in New York. Nationally, the South and West are seeing more buyer-friendly conditions, while Northeast and Midwest metros continue to show strength for sellers.

Prices Reflect the Divide

New data from ResiClub confirms what we’re seeing on the ground: roughly half of the top 50 metros have rising apartment prices, while the rest are flat or declining.

In NYC, the story is nuanced. Some Manhattan co-ops and condos are fetching record prices—especially those with unique views, outdoor space, or well-managed buildings. Meanwhile, units in less competitive areas or with deferred maintenance are sitting longer and may see modest price cuts.

Why Local Insight Is Everything

What’s happening in Tribeca might look very different from what’s happening in Forest Hills or Park Slope. Even within the same borough, the market can shift dramatically based on street, school district, or building type.

That’s why working with a local expert is more important than ever. I help my clients dig deeper than the headlines, understanding:

• If their apartment search is in a buyer’s or seller’s pocket

• How to price or negotiate effectively based on real-time market dynamics

• What to expect—and how to succeed—whether buying or selling

Bottom Line

In a market this fragmented, you need more than just general advice—you need hyperlocal strategy. Whether you’re thinking of buying or selling an apartment in NYC, success starts with clarity and expertise.

Let’s connect! If you're looking for a New York real estate agent who knows the ins and outs of this shifting market—I'm here to help.

Remember: Who You Work With Matters!