Has Pricing Peaked and Should You Sell Now?

The Weekly Recap

Good morning, happy Friday! Bitcoin has had a tough two weeks, two CEO’s of Real Estate companies are incredibly confident no one is leaving NYC due to Mamdani, more NYC rentals are offering concessions while October home sales saw a 10.4% increase YoY, jobs numbers came back for September higher than expected and if you are lucky enough to get a new penny it could fetch you over $5 million.

If you missed last weeks newsletter on Four Reasons Why Trump’s ‘50 Year Mortgage’ Proposal is Bad Policy, you can read that through the link.

Has Pricing Peaked and Should You Sell Now?

After an extraordinary run of price growth over the past several years, the U.S. housing market is showing its clearest shift in momentum to date. That home price appreciation has slowed for the seventh straight month. While prices are not falling, the pace of growth is unquestionably moderating. For NYC sellers, who operate in one of the most nuanced, neighborhood-dependent markets in the country, this dynamic raises an important question: Has pricing finally peaked, and is now the moment to list?

Nationwide, the rate of price gains is easing as buyers navigate higher borrowing costs and greater selectivity. But New York City rarely moves in lockstep with national trends. Instead, it behaves like a collection of micro-markets, each with its own supply conditions, buyer pool, and price trajectory.

That means the slowdown is not the same everywhere. Some NYC neighborhoods are experiencing a noticeable buildup of inventory, which is putting pressure on sellers to price more competitively. Meanwhile, other pockets of the city, those with limited new product, stronger contract activity, or constrained resale supply, are still commanding aspirational pricing and achieving it.

Although growth is slowing, demand for quality homes in NYC remains stable, and buyers who have been waiting on the sidelines are beginning to re-engage as rate-cut expectations firm up. Pair that with the fact that many would-be sellers have held off listing for nearly two years, and today’s inventory is still historically tight.

For well-positioned sellers, this creates an opportunity to enter the market before a potential rise in new listings brings more competition. If inventory in your submarket is low, this may be an excellent moment to step forward, price confidently, and capture demand before broader market rebalancing occurs.

Market Performance

Here are how some other indexes and asset classes have performed as of this mornings opening bell.

NYC Market Update

Here is a view of NYC market activity over the past week.

Mortgage Rate Update

Rates continue to exist within the same 10 basis-point range creating stability and predictability in the marketplace. This has helped with financial planning and provide an opportunity for buyers to rate shop to have banks compete for their business. Rate stability is a positive sign for both buyers and sellers.

News You Can Use

• No One is Leaving NYC Because of Mamdani CNBC

• Fed’s Waller Backs Another Cut Bloomberg

• What Economists Got Wrong on Tariffs Bloomberg

• Chelsea Piers Fitness Replacing Saks at East 57th NY Post

• Fed’s Waller Call for December Rate Cut, While Jefferson Wants to Move ‘Slowly’ Yahoo Finance

• Sublease Crisis Winding Down In Latest Sign of NYC Recovery NY Post

• US Trade Deficit Narrows Sharply in August in Boost to Third-Quarter GDP Reuters

• Last US Pennies Could Fetch Up to $5 Million After Mint Shuts Down Production NY Post

The Deep Insight

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