As summer unfolds, New York City real estate continues to show both strength and subtle shifts. In Manhattan, the median sale price reached $1,221,900 in June. While that reflects a slight dip from May, the average price per square foot climbed to $1,569, up 7.4% from this time last year. Properties are also spending less time on the market, a sign that serious buyers are still moving with purpose when the right opportunity presents itself.

Brooklyn remained steady in June, with a median sale price of $1,070,000 and an average price per square foot of $980, which marks a 3.3% increase year-over-year. Inventory held strong, while average days on market stayed consistent, suggesting a market that continues to attract interest without tipping into overheated territory.

Across both boroughs, the theme is balance. Buyers are still active, but thoughtful. Sellers who price and present their homes strategically are seeing meaningful results. With summer energy in full swing, now is a pivotal time to assess your position in the market.

Whether you’re buying, selling, or simply exploring what’s next, The Richard Steinberg Team offers the expertise, discretion, and insight needed to help you move with clarity and confidence.