Are NYC Property Prices Dropping?

Falling property prices trend in NYC

NYC property prices are not dropping significantly. The median asking price reached $1.1 million in May 2025, showing a 2.3% year-over-year increase, with modest growth of 4-6% expected through 2026. For professional property valuations and market analysis, Block Appraisals provides comprehensive real estate appraisal services throughout the New York City metropolitan area. Key NYC Real […]