In October 2025, NYC's housing market showed increased buyer activity with 2,191 homes entering contract, driven by lower mortgage rates and rising inventory. Median sale prices remained stable around $1.05M, with sellers pricing homes strategically. Rentals saw an 8.2% rent increase but tighter inventory and more concessions, especially in new developments. The 2026 outlook predicts steady sales growth, moderate rent rises, and continued market balance.