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 Report May 2026: All 5 Boroughs
Milton Coste
Live from REBNY/RLS
June 20, 2026
Milton Coste
Licensed Real Estate Associate Broker at Keller Williams NYC
NY License #10301213304 | (917) 416-7433
Citywide Summary
470
Closed Sales (30 Days)
372
Closed Rentals (30 Days)
$994K
Median Sale Price
$4,100/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 | $1.38M | 199 | $4,700/mo | N/A |
| Brooklyn | 200 | $1.39M | 145 | $4,200/mo | N/A |
| Queens | 51 | $895K | 28 | $3,400/mo | N/A |
| Bronx | 19 | $318K | 0 | N/A | N/A |
| Staten Island * | 0 | N/A | 0 | N/A | N/A |
| NYC Total | 470 | $994K | 372 | $4,100/mo |
* Limited data for this borough this period (fewer than 5 closed sales).
Rental Market Summary
Citywide Median Rent
$4,100/mo
Rent by Borough
| Manhattan | $4,700/mo |
| Brooklyn | $4,200/mo |
| Queens | $3,400/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
$3,100,000
130 Manhattan Avenue
8 beds
3 baths
3,120 sqft
Single Family Residence
$850,000
97 Westcott Boulevard
Studio
1 bath
1,380 sqft
Single Family Residence
$850,000
81 Midland Road
2 beds
1 bath
6,165 sqft
Single Family Residence
$850,000
156 Goodwin Avenue
Studio
1 bath
1,378 sqft
Single Family Residence
$1,720,000
3 Court Square #902
2 beds
2 baths
997 sqft
Condo
$305,000
263-28 73rd Avenue #1
1 bed
1 bath
518 sqft
Co-op
Explore by Borough
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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.