In my 25+ years in New York City real estate, I have learned that each month tells its own story. This May 2026 recap draws from live REBNY/RLS data across all five boroughs, giving you a clear snapshot of where the market stands right now. Whether you are buying, selling, or investing, these numbers will help you make informed decisions.
NYC Real Estate Market Recap: May 2026
Milton Coste
Live from REBNY/RLS
April 30, 2026
Milton Coste
Licensed Associate Broker at Keller Williams NYC
NY License #10301213304 | (917) 416-7433
Citywide Summary
468
Closed Sales (30 Days)
379
Closed Rentals (30 Days)
$949K
Median Sale Price
$4,171/mo
Median Rent
Winners and Losers
Based on year-over-year data across 169 NYC neighborhoods.
Top 5 Price Gains (YoY)
- 1. Clearview Queens +214.1%
- 2. Kensington Brooklyn +198.1%
- 3. Prospect Lefferts Gardens Brooklyn +110.9%
- 4. Fort Greene Brooklyn +107.6%
- 5. East Elmhurst Queens +104.3%
Top 5 Price Drops (YoY)
- 1. Ditmas Park Brooklyn -64.0%
- 2. Woodstock Bronx -63.8%
- 3. Central Park South Manhattan -57.9%
- 4. Windsor Terrace Brooklyn -54.8%
- 5. Bay Ridge Brooklyn -52.1%
Fastest Moving Markets
- 1. Nolita Manhattan 13 days
- 2. Brooklyn Heights Brooklyn 31 days
- 3. Park Slope Brooklyn 31 days
- 4. Carroll Gardens Brooklyn 31.5 days
- 5. Queens Village Queens 31.5 days
Most Inventory
- 1. Upper East Side Manhattan 1593 listings
- 2. Midtown East Manhattan 1163 listings
- 3. Upper West Side Manhattan 1081 listings
- 4. Midtown West Manhattan 408 listings
- 5. Midtown Manhattan 369 listings
Tightest Supply
- 1. New Hyde Park Queens 0.3 months
- 2. Pelham Gardens Bronx 0.3 months
- 3. Westchester Village Bronx 0.3 months
- 4. Crotona Park East Bronx 0.3 months
- 5. Morrisania Bronx 0.3 months
Borough Breakdown
| Borough | Sales (30d) | Median Sale | Rentals (30d) | Median Rent | Avg DOM |
|---|---|---|---|---|---|
| Manhattan | 200 | $1.35M | 200 | $5,216/mo | N/A |
| Brooklyn | 200 | $1.30M | 150 | $4,298/mo | N/A |
| Queens | 54 | $810K | 29 | $3,000/mo | N/A |
| Bronx | 14 | $335K | 0 | N/A | N/A |
| Staten Island * | 0 | N/A | 0 | N/A | N/A |
| NYC Total | 468 | $949K | 379 | $4,171/mo |
* Limited data for this borough this period (fewer than 5 closed sales).
Rental Market Summary
Citywide Median Rent
$4,171/mo
Rent by Borough
| Manhattan | $5,216/mo |
| Brooklyn | $4,298/mo |
| Queens | $3,000/mo |
| Bronx | N/A |
| Staten Island | N/A |
Most Expensive Rental Markets
- 1. Central Park South Manhattan $12,000/mo
- 2. Soho Manhattan $8,495/mo
- 3. Tribeca Manhattan $7,672.5/mo
- 4. DUMBO Brooklyn $6,250/mo
- 5. Flatiron Manhattan $6,192.5/mo
Most Affordable Rental Markets
- 1. Westchester Village Bronx $1,500/mo
- 2. Van Nest Bronx $1,575/mo
- 3. Bellerose Queens $1,724.5/mo
- 4. Bedford Park Bronx $1,777.5/mo
- 5. Highbridge Bronx $1,872.5/mo
Newest Listings Citywide
$2,975,000
15 Broad Street #3120
2 beds
3 baths
2,011 sqft
Condo
$1,195,000
341 NOSTRAND Avenue #402D
2 beds
2 baths
992 sqft
Condo
$775,000
236 17TH Street #2C
1 bed
1 bath
648 sqft
Condo
$1,350,000
287 E HOUSTON Street #7B
1 bed
1 bath
750 sqft
Condo
$1,675,000
98 FRONT Street #4G
2 beds
2 baths
918 sqft
Condo
$3,750,000
110 Charlton Street #17E
2 beds
2 baths
1,466 sqft
Condo
Explore by Borough
Want This Monthly Recap in Your Inbox?
Get the latest NYC market data delivered the first week of every month.
Need a Market Expert?
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved.