A new exclusive Brown Harris Stevens report on Manhattan condo resales is challenging assumptions about the city’s investment market. The data reveals one in three condos sold between July 2024 and July 2025 went for less than their purchase price, with mid-2010s buyers feeling the biggest sting.
“There was a lot of extrinsic pressure to buy, because you had this FOMO that if you didn’t buy, prices were going to run away,” Jared Antin, Executive Director at Brown Harris Stevens, told The Real Deal, “That led people to make some potentially less than savvy purchase decisions.”
Still, Antin notes, the ultra-luxury segment remains an outlier. “You’re rich and you’re buying because you want it—you don’t really care about what’s happening around you,” he said, pointing to the resilience of condos priced above $10 million.
While the report underscores recent softness in pricing, Antin remains cautiously optimistic. “There’s a lot of interesting pieces that are happening here that could help buoy the purchase market,” he said.
Read more in The Real Deal.
Leave a Reply