Happy Monday friends! We are more than halfway done with 2025, so we are overdue for a market update. Let’s highlight that the average discount in Manhattan last quarter was 7%. Yes, some buyers are getting 🌟DISCOUNTS🌟 since homes are taking longer to sell. If you’ve been waiting on the sidelines, now is the time to jump in before it gets too competitive and you have to overpay! Ew, who wants that?! MANHATTAN ✨The ultra luxury segment experienced impressive growth, with closings up 66.7% in the $10M+ range. Many of these buyers have been relocating from CA and FL! 📈Condos continued to outperform co-ops, with sales rising 13.7% year-over-year. BROOKLYN ✍🏼 A total of 2,468 closing were recorded during the quarter, reflecting a 4.7% increase from Q1 and a 2.1% gain compared to the same period last year. 🧱Co-ops performed the best, although they have the lowest market share, seeing 12.5% more sales at notably higher median and average prices than this time last year. QUEENS 🏘️ Sales grew an impressive 20% compared to Q2 2024, with condos outperforming both co-ops and houses in activity. 💰Condos in Northwestern and Northeastern Queens - Long Island City, Astoria, Flushing, and Bayside - are outperforming other parts of the boring in activity and pricing.