2022 started in pandemic euphoria. By year-end, NYC real estate had cooled sharply as rates climbed and stocks fell. The shape of the slump.

COVID-19 sent NYC's residential real estate market on a downward adjustment. Inventory swelled, prices softened, and buyers waited. The 2020 reset.

Home prices in NYC are softening as inventory builds and buyer hesitation grows. The data behind the cooldown and what it means for sellers.