The worst housing market over the last decade is somewhere people would least expect.

Manhattan.

Values in New York County dropped by -11.9% from September 2016 to 2026, falling from 1.41M to 1.24M.

Which is an astounding -51.2% drop in inflation-adjusted terms.

Condo/co-op/townhome values inn Manhattan are now at record lows compared to incomes and rents.

Making it one of the most undervalued housing markets in America, despite it’s still expensive price tag.

Values have actually started turning recently, up 3% YoY.

Meaning it could be a good time to buy in NYC.

Check the value trends for your county at: https://reventure.app/map/cMk5iPrSfq

The worst housing market over the last decade is somewhere people would least expect.

Manhattan.

Values in New York County dropped by -11.9% from September 2016 to 2026, falling from 1.41M to 1.24M.

Which is an astounding -51.2% drop in inflation-adjusted terms.… pic.twitter.com/CR5jippwk4

— Nick Gerli (@nickgerli1) October 19, 2026

That's a self funded prison cell.

— Joan D'Arc (@JoanOfArc1920) October 19, 2026