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NYC Summer 2026 Market Report: Rent Up 5%, Prices Down 9%
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NYC Summer 2026 Market Report: Rent Up 5%, Prices Down 9%

June 2026 StreetEasy data on asking price, rent, days on market, and inventory across all five boroughs.

Milton Coste, Licensed Real Estate Associate Broker • Keller Williams NYC • NY Lic. #10301213304
July 20, 2026 • 8 min read • 25+ Years Experience

The median NYC apartment asked $999,999 in June 2026, down 9.1 percent from $1,100,000 a year earlier, according to StreetEasy market data through June 2026. Rent moved the opposite direction: median asking rent hit $4,200 citywide, up 5 percent year over year. Days on market held at 58, two days faster than June 2025, and the median closed sale price climbed to $900,000, up 5.9 percent, even as asking prices cooled. After two and a half decades running comps across the five boroughs, the gap between what listings ask and what they close for is the first number I check.

NYC Housing Market: The June 2026 Citywide Numbers

NYC's total active inventory sat at 18,125 listings in June 2026, essentially flat against 18,206 a year earlier. Discount share, the portion of listings that took a price cut before going into contract, was 13.2 percent in June, against 13.4 percent in June 2025. The citywide sale-to-list ratio was 97.2 percent, so the typical closed sale landed within about 3 percent of the final asking price.

The Gap Between Ask and Close

Median asking price fell 9.1 percent year over year in June 2026, while the median closed sale price rose 5.9 percent over the same period: $900,000 closed against a $999,999 ask.

Borough by Borough: NYC Summer 2026 Market Data

Borough Median Asking Price YoY Median Asking Rent YoY Days on Market
Manhattan$1,388,000-6.8%$4,965+5.1%64
Brooklyn$1,090,000-3.1%$3,900+4.0%52
Queens$689,000-0.9%$3,350+4.4%55
Bronx$356,500+1.1%$2,995-1.8%77
Staten Island$765,000-4.1%$3,300+5.6%37

Source: StreetEasy market data, June 2026 vs. June 2025. Figures reflect all property types combined.

Manhattan active listings fell 5.0 percent year over year to 9,055, while Brooklyn inventory rose 3.1 percent to 4,631. Queens posted the biggest inventory gain in the city, up 9.1 percent to 3,436 active listings, alongside the fastest days-on-market improvement of any borough, down 6.8 percent to 55 days. The Bronx is the outlier at 77 days, up from 51 a year earlier. Neighborhood detail is in the full NYC market reports index.

NYC Rent in Summer 2026

Citywide median asking rent moved from $4,112 in April to $4,199 in May to $4,200 in June. Every borough posted a year-over-year rent increase in June except the Bronx, down 1.8 percent. Staten Island rose most at 5.6 percent, followed by Manhattan at 5.1 percent, Queens at 4.4 percent, and Brooklyn at 4.0 percent.

Rental inventory grew from 30,033 active rentals citywide in April to 35,688 in June, still down 1.6 percent from 36,263 a year ago.

Rent Stabilized Units: A Separate Market

On June 25, 2026 the Rent Guidelines Board voted 7 to 1 for 0% on one-year and two-year renewals starting between October 1, 2026 and September 30, 2027, covering nearly one million stabilized apartments (Order #58). That freeze does not touch the market-rate asking rents above. The rent freeze vote breakdown has the details.

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Active Listings This Summer

Live data · Updated every 15 min · Source: REBNY RLS

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Listing information provided courtesy of the Real Estate Board of New York's Residential Listing Service (RLS). Information is deemed reliable but not guaranteed. Sale listings verified. ©2026 REBNY. RLS data displayed by Keller Williams NYC.

What the Summer 2026 Market Means If You're Buying

Days on market improved in every borough except the Bronx this June, even with asking prices cooling in Manhattan and Brooklyn. Manhattan's 6.8 percent pullback is the steepest of any borough, with days on market at 64, down from 68. Queens has 9.1 percent more active listings than a year ago.

Co-ops, condos, and new developments carry different fee structures, so run the closing cost math before writing an offer. The NYC closing costs breakdown has the dollar ranges, and the NYC buyer guide covers the process from pre-approval through the walk-through.

What the Summer 2026 Market Means If You're Selling

The 13.2 percent discount share in June means a little more than one in eight listings needed a price cut to get to contract, roughly the same rate as June 2025.

Discount share moved differently by borough. Brooklyn's fell to 13.0 percent from 14.0 percent a year ago, and Queens rose to 12.2 percent from 11.1 percent. The Bronx saw the sharpest shift: discount share went from 4.6 percent in June 2025 to 7.7 percent in June 2026, while Bronx inventory grew only 2.5 percent.

At a 97.2 percent sale-to-list ratio, the price that counts is the last number a listing carried before contract, not the launch price. Price to the current 90-day comp set, not last year's comps or an automated estimate. The NYC seller's guide covers pricing, staging, and timeline.

REBNY RLS

More Active Listings This Summer

Live data · Updated every 15 min · Source: REBNY RLS

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Listing information provided courtesy of the Real Estate Board of New York's Residential Listing Service (RLS). Information is deemed reliable but not guaranteed. Sale listings verified. ©2026 REBNY. RLS data displayed by Keller Williams NYC.

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Milton Coste, NYC Real Estate Broker

Milton Coste

Licensed Real Estate Associate Broker

Keller Williams NYC · Lic. #10301213304

Milton's listings and commentary have appeared in The New York Times, the New York Post, and Haven Lifestyles. See the coverage.

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Disclaimer: All information provided in this article is for educational purposes only and does not constitute legal, financial, or real estate advice. Listing data sourced from the REBNY Residential Listing Service (RLS). Information is deemed reliable but not guaranteed. Milton Coste is a Licensed Real Estate Associate Broker affiliated with Keller Williams NYC, 360 Madison Avenue, 9th Floor, New York, NY 10017. License No. 10301213304. Equal Housing Opportunity. This advertisement complies with New York State Department of State regulations governing real estate advertising. © 2026 Milton Coste. All rights reserved.

Image Disclosure: Header images on this blog are AI-generated editorial illustrations and do not depict specific properties for sale or rent.

Milton Coste

Milton Coste

Licensed Real Estate Associate Broker · Keller Williams NYC

License No. 10301213304 · 360 Madison Avenue, 9th Floor, New York, NY 10017

(917) 416-7433 [email protected] miltoncoste.com
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