NYC residential real estate sales volumes fall 15% in Q3 2026

Market overview

Given the current buyer hesitation and pending tax legislation uncertainty, residential transactions will decline sequentially in Q3 2026 as buyers wait for property tax reform clarity. Brown Harris Stevens CEO Bess Freedman's comments indicate a pause in activity until a deal is struck.

price prediction market

Implied probability (Yes)

75%

Source: user-generated

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