property
Days on Market Trends and Vendor Discounting Shape Upper East Side Sales
Listings now sit an average 52 days before closing as sellers cut asking prices by 6 percent on average to move properties.
How we reported this
Average days on market for Upper East Side apartments reached 52 days in June, up from 31 days in the same month last year, while vendors offered discounts averaging 6 percent off original asking prices.
The shift matters now because mortgage rates have held above 6.4 percent since March and inventory has climbed to 1,240 active listings, the highest June total since 2019, according to StreetEasy data released this week.
Co-ops along Park Avenue between 72nd and 79th streets have seen the longest waits, with several units listed through the Corcoran Group remaining unsold after 70 days, while apartments near the 92nd Street Y on Lexington Avenue posted average discounts of $185,000 on units priced between $2.1 million and $3.4 million.
Discount Patterns on Key Corridors
Properties on Fifth Avenue facing Central Park recorded median discounts of 7.2 percent in the second quarter, with two-bedroom units dropping from $4.8 million to $4.45 million after 48 days on market. Data from the Real Estate Board of New York shows 38 percent of closed sales in the neighborhood carried some price reduction, compared with 22 percent in June 2025.
Buildings on East 86th Street between Madison and Third avenues reported an average 41 days on market when sellers accepted offers within 4 percent of list, while units held at full price stretched past 65 days before going into contract.
Outlook for Buyers and Sellers
Buyers who secure pre-approvals before the end of July can target listings that have already been on the market more than 45 days and negotiate further concessions, particularly on properties east of Third Avenue. Sellers should review comps from the past 60 days on streets like East 79th and prepare to adjust pricing within two weeks of listing to avoid extended carrying costs.
Market watchers expect days on market to remain above 45 through September unless rates ease below 6 percent, giving prepared buyers an edge on well-located co-ops and condos in the neighborhood.
This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.