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The Denza Index · Q2 2026

NYC residential, measured.

A quarterly snapshot of active listings across 31 New York neighborhoods. Drawn from REBNY-licensed Cotality MLS data, normalized in our database, and published on the 1st of each calendar quarter. Apr – Jun 2026.

Generated ·By Conquest Advisors · Denza
The Read

What this quarter actually means.

Q2 2026 was a flat quarter across the tracked NYC residential market, with every reported neighborhood registering a zero percent change in median price quarter-over-quarter. The NYC weighted median held at $1,345,000 against a median PSF of $1,411.06, and the static reading across all five top movers — Upper East Side, Upper West Side, Midtown, Long Island City, and Chelsea — confirms this was not a rounding artifact but a genuine absence of price movement. At 6.95% on a 30-year conventional with 20% down and a 28% DTI ceiling, the qualifying gross income to carry the median-priced asset sits at $305,253 annually, a threshold that mechanically filters the buyer pool to upper-income earners and compresses transaction velocity even when sellers hold firm on price. Manhattan's median-of-medians at $1,525,000 across 1,548 active units dwarfs Brooklyn's $1,295,000 across 226 units and Queens' $854,500 across 157 units, underscoring that affordability pressure is most acute precisely where inventory is deepest. With DOM and absorption data unavailable this period, the velocity side of the market cannot be quantified, but price stasis at elevated absolute levels points to a market in equilibrium rather than one clearing in either direction.

Generated by Claude Sonnet 4.5 from the snapshot below · refreshed each quarter
Active Inventory
2,546
across 31 neighborhoods
NYC Weighted Median
$1.4M
median of neighborhood medians
Median PSF
$1,408
$/sqft · live cohort
Median DOM
days on market
Inventory Absorption
needs sold-90d data
Affordability (MAI)
$318K
6.95% · 20% down · 28% DTI
§1 · Movers

Where the cohort moved this quarter.

Quarter-over-quarter median-price deltas, ranked by absolute magnitude. Read this as “where buyers and sellers re-priced their beliefs.” Not a recommendation; just a measurement.

§2 · By Borough

Where the inventory lives.

Borough
Neighborhoods
Active
Median PSF
Median of Medians
Manhattan
14
1,723
$1618
$1.5M
Queens
3
437
$1283
$1.0M
Brooklyn
13
364
$1443
$1.4M
Bronx
1
22
$355
$402K
§5 · Methodology

How we measure.

Cadence. Snapshots are written on the 1st of each calendar quarter (Jan, Apr, Jul, Oct). Once written, a quarter is frozen — comparisons across quarters use the locked values rather than the live feed. The most recent quarter may render as a “live preview” before publication.

Source. REBNY-licensed Cotality (CoreLogic) Trestle MLS feed. Active listings only — no historical pendings, no expired, no off-market. Snapshots committed to denza_index_snapshots with full payload as JSONB.

Aggregation. Per-neighborhood medians are simple medians of active list prices and PSF; per-borough is “median of medians” to avoid skew from any single high-end tower. City-wide weighted median is the median of all neighborhood medians.

Affordability (MAI). Qualifying gross annual income to buy at the city median, using a 20% down, 30-year fixed at 6.95%, and a 28% DTI ratio. P&I only — taxes, insurance, and HOA add another ~25-35% in NYC.

Movers. Quarter-over-quarter delta in neighborhood median price, ranked by absolute magnitude. Requires two consecutive committed snapshots; the very first published quarter shows no movers.

Compliance. Per the REBNY Data License Agreement, this report does not redistribute raw MLS data. We publish only neighborhood-level aggregates and per-listing pages with full attribution to the listing brokerage of record. No bulk downloads.

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Cite this report as: “Denza, ‘The Denza Index — Q2 2026’, generated May 12, 2026, https://denza.nyc/denza-index/q2-2026”. REBNY DLA-compliant; data deemed reliable but not guaranteed.