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For the Big Apple’s housing market, 2025 was a banner year.
Home sales were seemingly little affected — especially on the luxury front — by the economic uncertainty and mayoral race that marked much of last year. Sales volumes and deal counts were up on both the resale and new development sides of the market, according to an analysis of city sale records by The Real Deal.
On the new development front, the top 50 agents and teams that focused on the sales of newly built homes took in nearly $6.7 billion of deals across 1,987 sales. That was up from $5.2 billion in 2024, across 1,647 deals.
On the resale side, there were 1,594 deals in 2025, up from 1,262 the year before. Total deal volume last year came in at $5.7 million, an increase from nearly $4.6 billion in 2024.
TRD’s analysis included on-market, residential sales across Manhattan, Brooklyn and Queens throughout all of 2025. Only deals where the agent or team represented the seller and that were valued at over $100,000 were counted.
The Big Apple’s home sale market had a slow start to 2025, as President Donald Trump’s tariffs and economic uncertainty led to some pullback among buyers. But the city’s luxury market ended up on top by year’s end — even amid talk that the fall mayoral race would have a chilling effect on the market.
As for the individual brokers and teams involved in the dealmaking, 2025 proved to be a year of diverging tactics to get to the top.
Some powerhouse teams dominated by handling scores of sales to bring in the highest total sales volume. Meanwhile, others claimed the top spots for average deal size by focusing on a handful of trophy sales.
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Compass’ Alexa Lampert ranked first among the city’s top resale brokers with the highest average deal size in 2025. Lambert handled just five resales — the lowest among the top 50 players — but the average size of her transactions was $17.9 million.
Another Compass team, the Hudson Advisory Team was No. 1 in terms of total resale volume last year, ranking in some $462 million across 127 deals. The average transaction size for the team, founded by Stephen Ferrara and Clayton Orrigo, was $3.6 million — good for 28th place.
For the brokers who specialize in selling homes in newly built developments, a similar story to the resale players unfolded; the broker with the highest average also had the fewest number of sales.
Madeline Hult Elghanayan had just four new development sales in 2025, but her average was a striking $20.9 million, the highest among TRD’s top agents and teams. Elghanayan’s total deal volume was $83.8 million, 35th overall.
Meanwhile, the Janice Chang team at Douglas Elliman had the highest new development deal volume in 2025, as the group raked in some $430 million across 40 deals. The team’s average was third in the city, clocking in at $10.7 million.
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