48 closings · down 63%
Compare concessions, closing costs, delivery, plan obligations and remaining inventory—not price alone.
H1 2026 market signals · reviewed 2026-09-08
H1 2026: sponsor closings fell while resale rose.
These were two different markets. A shift toward larger homes—not 24% appreciation—drove the median-price headline.
At a glance
Corcoran · First half 202648new-development closingsDown 63% year over year
68resale-condo closingsUp 13% year over year
155resale-condo listings70% of listed supply
865 sq. ft.median residence soldUp from 657 square feet
The headline correction
A 24% rise in median price is not 24% appreciation.
Median PPSF was flat while the median sold residence grew from 657 to 865 square feet. The sales mix moved toward larger and more expensive homes. That is why building, transaction type and exact layout matter more than a neighborhood-wide median.
68 closings · up 13%
Compare current charges, taxes, assessments, reserves, capital work, condition and competing layouts.
Comparing sponsor and resale
Would a side-by-side comparison help?
Send the two listings. Lauren and Ivan will compare layout, acquisition costs, monthly economics and building evidence.
The qualification standard
A recorded price is only the start of the comparison.
Deed records establish date and consideration. A useful unit-level comparison also requires seller type, package-sale screening and the applicable plan-stated area. Until those checks are complete, we do not publish a PPSF ranking.
NYC DOF rolling-sales data- Sale
- qualify the conveyance and recorded consideration
- Seller
- separate initial sponsor, sponsor-owned resale and resale
- Area
- match the applicable plan-stated measurement
Complete qualification rules
| Period | Sale/document date from January 1–June 30, 2026 |
|---|---|
| Geography | Verified LIC Condo building crosswalk; ZIP is only the preliminary screen |
| Closing count | One qualifying residential conveyance after deed-level deduplication |
| Initial sponsor sale | Verified sponsor, successor sponsor or affiliate making the residence’s first market conveyance |
| Resale | Seller is a prior third-party owner after the residence left sponsor ownership |
| Sponsor-owned resale | Shown separately rather than treated as an initial sponsor sale |
| PPSF denominator | Latest applicable plan-stated approximate total area, with source and measurement method |
| PPSF label | Recorded PPSF, because public records may not reveal concessions or credits |
| Building comparison | Median recorded PPSF with at least three qualifying sales in the segment |
| Evidence strength | Three to four sales: limited sample; five or more: stronger sample |
| Exclusions | Nominal, related-party, partial-interest, correction, foreclosure, commercial, parking, storage, bulk, unresolved combination and implausible records |
Sources and limits
Corcoran · LIC & Astoria Market Report, 1H 2026 ↗NYC Department of Finance · Rolling Sales Data ↗NYC Department of Finance · Property Sales Glossary ↗NYC Open Data · ACRIS Real Property Master ↗New York Attorney General · Offering Plan Data Search ↗
Corcoran also reported 123 total LIC sales, including condos and co-ops; 221 active listings; a $1.156 million overall median price; and flat year-over-year median PPSF. Those figures describe different pools and are not intended to add up. They are market-report context, not outputs from LIC Condo’s transaction qualification.
Recorded prices may not reflect concessions, credits or other transaction terms. Offering-plan information is historical unless currently confirmed. This research is informational and is not an appraisal or legal, tax, engineering or financial advice.