New York luxury price drops
The mansion-tax band is where the ask gets reprinted.
New York had 4,282 active asking-price reductions on October 5, averaging −7.4 percent — $1.04 billion off published asks across 123 areas. That is the densest of the three US cities on this tape, and the mansion-tax band is where the reprint actually happens.
Brooklyn led the named areas we counted on October 5, then Manhattan and the Upper East Side. A cut below the tax threshold can look like a win on the card. The transfer tax still sits in the closing stack.
This is the write-up of the October 5 freeze. The live New York listings are a different page. The New York market-data dashboard is the live tape.
The October 5 tape
| October 5 | |
|---|---|
| Active drops | 4,282 |
| Average drop | −7.4% |
| Value wiped | $1.04B |
| Areas | 123 |
| Drop tier | Listings |
|---|---|
| <10% | 3,305 |
| 10–20% | 819 |
| 20–30% | 124 |
| 30–40% | 22 |
| 40%+ | 12 |
Where the tape is
| Area | Drops |
|---|---|
| Brooklyn | 908 |
| Manhattan | 857 |
| Upper East Side | 333 |
| Staten Island | 215 |
| Flushing | 180 |
As of October 5, 2026.
US figures are Zillow buy. All dollars. Luxury Price Drops is not a brokerage. Four-city report.