Tag: REBNY RLS

Manhattan Rental Market: Rents Hit $5,000 as Listings Plunge 39%. Where Did the Apartments Go?

by Brian Phillips, CRS | Aug 22, 2026 | Manhattan Real Estate, New York City Real Estate, NYC Rentals | 0

Manhattan rents reached a record $5,000 as publicly advertised listings plunged 39%. What happened to the apartments, and what do private listings, the FARE Act and NYC’s housing shortage have to do with it?

Why “Days on Market” Doesn’t Tell the Full Story Anymore

by Brian Phillips, CRS | Jan 23, 2026 | Buying and Selling Tips, Buying Tips, Market Insights, New York City Real Estate, NYC Real Estate, Seller Tips | 0

Updated January 2026 Days on Market can be useful, but in today’s housing market, especially in New York City, it often tells only part of the story. The number can restart on consumer-facing websites, even though agent-facing...