Real Estate

NYC Homebuyers Forge Ahead on Deals Even as Uncertainty Swirls

Residential apartment buildings in New York.
Photographer: Yuki Iwamura/Bloomberg

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By Jennifer Epstein

May 8, 2025 at 11:00 AM UTC

Through a month of stock market jolts and whiplash over the Trump administration’s tariff policies, New York City homebuyers were undeterred.

Contracts to purchase co-ops, condos and one-to three-family houses in Manhattan surged 41% in April from the same month in 2024, according to appraiser Miller Samuel Inc. and brokerage Douglas Elliman. Deals in Brooklyn were up 36%.