"Broadly speaking, that's true. Across Manhattan and Brooklyn, deal activity tends to rise in the first half of the year, peaking in late spring, then cooling down after Memorial Day as the vacation season kicks in, ramping back up in September once the cool air returns. However, if you're basing your strategy, whether as a buyer or seller, on the overall market trend, you might be missing your moment."
"Let's start with a simple comparison: Co-ops vs. condos in Downtown Manhattan (below 14th Street). While co-op activity overall peaks around May, condos hit their stride much earlier, peaking in March and already fading by late spring. The seasonal curve for Downtown condos is steeper and more front-loaded, perhaps due to Wall Street's bonus payment calendar, while co-ops see a more gradual run-off and another seasonal bump in the fall."
Seasonal contract activity in Manhattan and Brooklyn generally rises in the first half of the year, peaks in late spring, cools after Memorial Day, and rebounds in September. Seasonality differs by neighborhood, property type, and price tier. Downtown Manhattan condos peak earlier, around March, with a steeper, front-loaded seasonal curve, while co-ops peak around May and show a more gradual decline with a fall bump. Normalizing monthly contract counts on a -1 to 1 scale highlights peak months and the variability across submarkets. Relying on overall borough trends can misalign optimal listing or buying timing.
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