New York Home Prices See 7.7% Year-Over-Year Increase in February 2025

New York’s real estate market continues to show strong momentum in 2025. According to recent data, home prices in the city rose by 7.7% in February compared to the same period last year — marking one of the highest annual increases among major U.S. cities.

Experts attribute this sharp rise to limited housing supply and consistently high demand across key boroughs such as Manhattan, Brooklyn, and Queens. Despite elevated mortgage rates, interest in well-located and high-quality homes remains strong.

While national home price growth has begun to decelerate, New York appears to be defying the trend. This resilience highlights the city’s status as a premium market for both homeowners and investors.

Analysts say that New York’s long-term growth potential continues to attract buyers seeking stability and strong returns. The combination of urban demand, constrained inventory, and economic confidence has kept the city’s housing market firmly in an upward trajectory.