In the opening weeks of the market, inventory across New York City remained tight, yet signed contracts held steady despite a historic snowstorm, indicating durable buyer demand. Well-priced, in-demand properties continued to attract multiple bids, underscoring that supply constraints remain the market’s defining feature.

 

One notable development is the growing share of off-market activity. While public inventory remains limited, on Compass alone, there are nearly 500 listings being marketed privately across Manhattan and Brooklyn. This increase in “shadow inventory” is reshaping buyer access and may also be affecting market data that relies solely on public listings.