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More than a third of the condo apartments sold in Manhattan over roughly the past year sold at a loss, although the top end of the market fared better, according to a new report.
Despite the steady stream of headlines about eye-popping sales and soaring prices in Manhattan real estate, the median price per square foot for Manhattan condos is essentially flat from a decade ago, according to a report from Brown Harris Stevens. One in three condo resales between July 2024 and June 2025 were sold at a loss, according to the report. When including inflation, transaction costs and renovations, the share of losses by condo sellers is likely even higher, according to real estate analysts.
While the data didn’t include co-ops, analysts say co-op prices have generally fared the same or slightly worse than condos.
“For the last decade, Manhattan has essentially been moving sideways,” said Jonathan Miller, CEO of Miller Samuel, the appraisal and real estate research firm.
