Q4 2025 was a turning point for Manhattan real estate.

On Real Talk Real Estate, John and Jonathan break down why the market tightened faster than expected.

Inventory dropped, cash buyers dominated, and homes moved quicker with less room to negotiate. Even with prices staying mostly flat, leverage started shifting back toward sellers.

They also touch on how NYC’s new mayoral administration may have influenced short-term seller behavior, and why Manhattan real estate continues to prove its long-term strength.

Manhattan’s real estate market just delivered its strongest quarter since 2022 — and the numbers speak volumes. In this episode, Jonathan Conlon and John Gasdaska break down the Q3 2025 Manhattan Market Report, revealing how over 3,100 closings, steady pricing, and a surge in cash deals are fueling confidence across the city.

Despite mortgage rates holding in the mid-sixes, buyers haven’t backed down — they’ve simply adapted. With 65% of sales closing in cash, inventory tightening, and Days on Market falling to just 77 days, the Manhattan market is proving its resilience once again. Jonathan and John dig into what’s driving demand, why sellers are pricing smart, and how this balance sets the stage for a strong finish to 2025.

If you want to understand where NYC real estate is heading — and why Manhattan continues to outperform expectations — this is the episode you don’t want to miss.

More sales, tighter discounts, steady rates — Manhattan’s market is moving. It may be late in Q2, but Jonathan and John break down why these insights are still critical.