ISSUE NO. 06 · 2026
FIFTHAvenue
Six units are listed for sale at 325 Fifth Avenue. One came to market this month; one is in contract — a one-bedroom at $1,095,000. In a building this size, that is the full picture at a glance.
The median asking price is $1,547,500. Three of the six active listings are one-bedrooms, three are two-bedrooms. Three have reduced, one by $305,000. The unit that found a buyer was priced where the market is.
Average days on market stands at 144. Buyers have options. The listings still waiting are the ones priced ahead of recent evidence; the ones that move are priced to it.
Bottom line — One of six sold, and it sold on price. Where a given unit stands against the other five is the question worth answering before a decision is made.
Three units are listed for rent, with three more in contract. A 50% lease-up rate is a market in balance. The contracts span the range — two-bedrooms at $9,000 and a three-bedroom at $13,995 — while active inventory runs from a one-bedroom at $6,300 to a two-bedroom at $9,000 and a three-bedroom at $12,500. Demand is present at every size.
Median asking rent is $9,000, and no unit has taken a reduction. The units in contract priced where the active two-bedroom is asking now, which locates where demand is meeting the market.
Average days on market is 6. The listings are recent, and the contracts beside them indicate the pace at which correctly priced units are clearing.
Bottom line — Six days on market, no reductions, demand ahead of supply. At these conditions, a correctly priced unit clears in days rather than weeks.
NoMad and adjacent Midtown South condominiums produced $60.9 million across 25 closings over the trailing 90 days. In a Manhattan market defined by hesitation, that is meaningful volume, and it is concentrated in this neighborhood.
The median sale price was $1,950,000; average price per square foot, $1,774. Taken together, the figures indicate values are holding rather than drifting.
The spread reflects discipline. At 106 days on market and a negotiation discount of −3.15% from last asking, buyers have room to choose while the gap between ask and close stays narrow. Sellers priced to the comparable evidence are achieving their number.
Bottom line — A −3.15% discount from last ask means the comparable evidence sets the price. Where a given unit sits against the 25 recent closings is the relevant reference point.
Fifty-two leases closed across NoMad and Midtown South over the trailing 30 days, with thirty-seven more in contract. For a rental owner, that is the figure that matters most: tenants are signing, and signing quickly.
Median rent was $5,345, average rent $7,215. The $1,870 spread reflects activity at every price point, from mid-market one-bedrooms to larger units above $7,000 a month. Demand is broad rather than concentrated, and inventory is clearing at 26 days on market.
At 2.6 months of supply, demand is outrunning inventory. Owners who price with precision are setting terms rather than waiting on them.
Bottom line — Twenty-six days to lease and 2.6 months of supply describe a landlord's market with a defined window. For a unit renewing or turning over in the next two quarters, timing is part of the return.
New York, NY 10003