Housing Notes: When cash is king, Albany wants a cut

May 19, 2026 / no comments

We are excited to announce that Jonathan Miller, who has long authored the most authoritative report on the residential real estate market, is partnering with The Real Deal. Below, you’ll find his Housing Notes column, which will now run on our site several times a week. In addition, Miller’s quarterly report for New York City, which he published through Douglas Elliman for more than three decades, will now be “The Real Deal report, prepared by Jonathan Miller.” Miller’s data venture, Streetmatrix, which provides hyperlocal data, will provide statistics to TRD Data subscribers. — TRD editors “Never ask a barber if […]

This article originally appeared on The Real Deal. Click here to read the full story.

Brooklyn luxury contracts come back to earth with $80M week

May 19, 2026 / no comments

Activity in Brooklyn’s luxury market came back down to earth last week.  After notching two straight weeks with contract volumes over $150 million, the borough saw $80 million in volume across 25 contracts last week, according to Compass’ weekly report for contracts signed on homes asking at least $2 million from May 11 to May 17. Contracts signed last week included seven condos, five co-ops and 13 single-family homes.  The median asking price for deals signed last week was $2.5 million, the average price per square foot was $1,279 and homes spent an average of 62 days on the market. […]

This article originally appeared on The Real Deal. Click here to read the full story.