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 and the third straight monthly gain since April. Days on market held at 58, two days faster than June 2025, and the median closed sale price actually climbed to $900,000, up 5.9 percent from a year ago, even as asking prices cooled. In two and a half decades running comps for buyers and sellers across the five boroughs, I've watched sellers get more realistic on the opening number this year, and that shows up directly in the gap between what listings ask and what they close for. Here is the June data borough by borough, and what it means if you're buying or pricing a listing this summer.
NYC Housing Market: The June 2026 Citywide Numbers
NYC's total active inventory sat at 18,124 listings in June 2026, essentially flat against 18,205 a year earlier, a 0.4 percent dip. Inventory tightened through the spring before easing slightly into summer: 17,645 listings in April, 18,292 in May, then 18,124 in June. Discount share, the portion of listings that took a price cut before going into contract, was 13.2 percent in June, close to the 13.4 percent recorded in June 2025. The citywide sale-to-list ratio came in at 97.0 percent, meaning 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. A listing priced to the current comp set typically closes without a public price cut, which pulls the closing-price median up even as the asking-price median trends lower. A listing that sits and gets chased down with repeated cuts drags the asking number one direction while contributing nothing to the closed number until it finally trades.
Borough by Borough: NYC Summer 2026 Market Data
Borough-level data shows the citywide trends playing out unevenly. Manhattan and Brooklyn saw the sharpest pullback in asking price, Queens and the Bronx held closer to flat, and Staten Island's low sales volume makes its month-to-month swings less reliable to read on their own.
| Borough | Median Asking Price | YoY | Median Asking Rent | YoY | Days on Market |
|---|---|---|---|---|---|
| Manhattan | $1,386,500 | -6.9% | $4,965 | +5.1% | 64 |
| Brooklyn | $1,090,000 | -3.3% | $3,900 | +4.0% | 52 |
| Queens | $689,000 | -0.9% | $3,350 | +4.4% | 55 |
| Bronx | $356,500 | +1.1% | $2,995 | -1.8% | 79 |
| 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.
Inventory told a similar split story. Manhattan active listings fell 5.0 percent year over year to 9,056, while Brooklyn inventory rose 3.1 percent to 4,630. Queens posted the biggest inventory gain in the city, up 9.0 percent to 3,435 active listings, which lines up with Queens also posting the fastest days-on-market improvement of any borough, down 6.8 percent to 55 days. The Bronx's 79-day median in June is worth flagging as an outlier: Bronx sales volume is small enough that a handful of longer-sitting listings can swing the median significantly month to month, and the Bronx median was 65 days in May before that jump. For neighborhood-level detail beyond the borough view here, browse the full NYC market reports index.
NYC Rent in Summer 2026
Rent kept climbing straight through the spring into summer. Citywide median asking rent moved from $4,111 in April to $4,199 in May to $4,200 in June, a fourth straight month without a pullback. Every borough posted a year-over-year rent increase in June except the Bronx, where median asking rent slipped 1.8 percent to $2,995. Staten Island posted the largest year-over-year rent increase at 5.6 percent to $3,300, followed by Manhattan at 5.1 percent to $4,965, Queens at 4.4 percent to $3,350, and Brooklyn at 4.0 percent to $3,900.
Rental inventory grew seasonally into summer, from 30,038 active rentals citywide in April to 35,761 in June, though that's still down 1.4 percent from 36,263 a year ago. Fewer rentals on the market alongside rising rent is the kind of tight-supply combination that tends to keep renewal negotiations short.
For the roughly one million rent-stabilized apartments citywide, the Rent Guidelines Board voted a 0% increase on renewal leases starting between October 1, 2026 and September 30, 2027, a freeze on stabilized renewals that does not affect the market-rate asking rents reported above. See the full breakdown of the rent freeze vote for what it means if you own or rent a stabilized unit.
Thinking About Buying or Selling This Summer?
Milton Coste has over two decades of experience pricing and negotiating across all five boroughs.
Schedule a Free Consultation
Active Listings This Summer
Live data · Updated every 15 min · Source: REBNY RLS
120 CENTRAL Park #19A
Central Park South
303 W 149th Street #2F
Central Harlem
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, meaning listings are moving faster than they were a year ago even with prices cooling in Manhattan and Brooklyn. A softer asking-price trend paired with faster days on market is a real opening for buyers who have been sitting on the sidelines waiting for the market to come to them. Manhattan's 6.9 percent pullback in asking price is the steepest of any borough, and paired with days on market improving to 64 from 68 a year ago, it's a market where a well-prepared buyer has more room to negotiate than the discount-share number alone suggests. Queens buyers are working with more inventory than a year ago, up 9.0 percent, and faster turnover, down 6.8 percent in days on market, which usually means more room to negotiate on price or closing terms without losing the apartment to another offer.
Before writing an offer, run the closing cost math for the specific property type you're targeting. Co-ops, condos, and new developments carry very different fee structures, and the NYC closing costs breakdown walks through the real dollar ranges for each. If you haven't started the search yet, 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 tells sellers something specific: a little more than one in eight active listings needed a price cut to get to contract. That's roughly the same rate as June 2025, which means overpricing still carries the same penalty it did a year ago. It costs time on market while comparable, correctly priced listings sell around you.
Discount share moved differently by borough. Brooklyn's discount share fell to 13.1 percent from 14.0 percent a year ago, and Queens ticked up to 12.1 percent from 11.1 percent. The Bronx saw the sharpest shift: discount share nearly doubled, from 4.6 percent in June 2025 to 7.8 percent in June 2026, even though Bronx inventory grew only 2.5 percent over the same period. Rising discount share without a matching jump in supply usually points to list prices that got ahead of what recent comps support, not a supply problem.
The sale-to-list ratio sitting at 97.0 percent citywide is the number that matters most for sellers pricing a summer listing. It means the typical closed sale lands within about 3 percent of the final asking price, so the price that counts is the last number a listing carried before it went into contract, not the number it launched at. Pricing to the current 90-day comp set, not last year's comps or a public automated estimate, is what keeps a listing out of that 13.2 percent discount-share group. If you're weighing whether to list this summer, the NYC seller's guide breaks down pricing strategy, staging, and timeline.
Ready to Talk Through Your Next Move?
Get a pricing strategy built on this month's comps, not last year's.
Schedule a Free Consultation
