{08.2025} Market in Motion: Is a New Cycle Beginning?
August was quiet—as expected during peak vacation season (and yes, I skipped last month’s letter!). But as soon as September arrived, the market woke up. Our listings are drawing more inquiries, and buyers are coming to us with questions again.
So far, 2025 has been an interesting year. Transaction volume is higher than in 2024, yet the market doesn’t feel consistently busy—it ebbs and flows. I believe 2025 is a true inflection point.
Here’s why:
In 2024, overall sales volume fell 6% compared to 2023, while inventory and price per square foot stayed flat.
The most recent quarter of 2025, however, showed a clear shift: recorded sales rose 5%, contracts signed jumped 13%, and inventory dropped 23%.
Unit prices? Still flat year-over-year. That makes sense—prices typically don’t rise until inventory tightens further.
With interest rates now trending down, the big question is: Will 2026 finally bring price growth after three and a half years of decline and stagnation?
On A Personal Note
The day before school started, my older daughter told me, unprompted: “Mama, summer was good!”
And she was right. We traveled to China and Greece. Wandering through ancient ruins, I could almost feel the crowds that once stood there thousands of years ago. On Milos and Crete, I expected another island trip of sun and sand—but I was surprised and moved by the depth of history and culture woven into daily life. I came home changed. This is why we travel, isn’t it?
Team News
After 11 years in the business—and much reflection—I’ve decided to rebrand my team. With the help of branding and design professionals, we dug deep into what we stand for, the value we bring to clients, and the vision we want to build toward. It’s been an exciting process, and I can’t wait to share the new name with you in next month’s letter!
New Construction
This month we bring you another new building that’s not on the public market yet. Midtown East is about to welcome a new addition: Malabar Residences. Located on 57th Street, just steps from Billionaire’s Row, this 28-story tower will feature 145 units. The offering plan was accepted in April, and sales are expected to launch soon.
So far, 2025 has been an interesting year. Transaction volume is higher than in 2024, yet the market doesn’t feel consistently busy—it ebbs and flows. I believe 2025 is a true inflection point.