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Manhattan’s top residential brokerages in 2025 raked in more money across more deals, showing that in the Big Apple, the appetite for homes remained strong even in the face of geopolitical unrest, tariff concerns and elevated interest rates.
Overall, Manhattan’s top 25 brokerages (ranked by total sales volume) took in $23.4 billion in deals last year, up about 21 percent year over year, according to an analysis by TRD Data of on-market residential sales in city, MLS and agency records. Companies specializing in new development were excluded.
These elite agencies closed some 9,900 deals last year, a 15 percent increase from the year prior. The average deal size also rose, by about 4 percent, to $2.4 million.
Last year, the city’s residential market got off to a slow start. Economic unease put some dealmaking on pause.
By the end of the year, the Big Apple’s luxury market, in particular, pulled through, with brokers saying demand for high-end properties was as high as ever.
Matthew Coleman of Coleman Real Estate Group said the pool for high-end properties is smaller and inventory has been tight. But the buyers have been there, waiting and ready to buy once they find a property that suits them.
“It’s a function of not flinching and being ready to not overnegotiate a property if you’re seeing value,” Coleman said.
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At the firm level, the strategies of these elite brokerages differed. While some focused on closing the most deals, others went for a fewer number of big-ticket transactions.
Adam Modlin’s Modlin Group ranked No. 1 in 2025 for having the largest average deal size among Manhattan’s brokerages, an improvement from 2024, when it was third. The firm’s average last year came in at nearly $8.2 million, about $1.3 million higher than that of runner-up Coleman Real Estate Group, whose average was about $6.9 million.
Both the Modlin Group and Coleman handled much smaller numbers of sales than their competitors but their higher price points put them at the top of the ranking.
Modlin said his clients, who can have virtually anything they want, tend to gravitate toward two types of homes: grand townhouses or mansions, and penthouses.
“That’s our sweet spot — we focus on exceptional properties and prioritize quality over quantity,” he said.
Meanwhile, Compass took the crown for raking in both the highest total sales volume, of more than $5.7 billion, and the most deals, 2,673. However, the firm’s average deal size was $2.1 million, good for 14th among its peers.