Newly reduced listings that received price drops between August 4- 10, 2026.

The first full week of August had 150 active price drops, down from 192 in the prior batch, making it a very quiet week for repricing. The median asking price after cuts was about $999K, the median cut was roughly $50K, and the median percentage reduction was about 5.8%. The week’s cuts were most concentrated in Midtown West, Lenox Hill, and Midtown East..

The building-type mix was almost evenly split between co-ops and condos, and most reductions were concentrated in the lower and middle price ranges, especially listings under $2M. By unit type, one-bedrooms and two-bedrooms carried much of the activity, while 16 Studios also saw reductions. As expected, the deepest dollar discounts were concentrated at the high end, where larger apartments and townhouses accounted for the most dramatic cuts.