Executive Summary

The residential market in 2026 has defied the pessimists. Sales volume is tracking to be the highest since 2022, driven by rate stabilization. However, the type of buyer has changed. The solo buyer is being replaced by “Co-Buying” groups, and scrutiny over building financials—specifically regarding energy assessments—has never been higher. For sellers of older properties, understanding these trends is the key to unlocking value.

The Rise of the “Co-Buyer”

High borrowing costs have birthed a new demographic. Recent forecasts indicate a staggering percentage of prospective buyers plan to purchase with a co-buyer. This isn’t just couples; friends and siblings are pooling resources to enter the market. These groups have higher purchasing power but demand flexible layouts.

Sellers who stage their properties as “Co-Living Ready” can generate bidding wars. To track current buyer demand trends, we recommend reviewing the latest data from StreetEasy Research:

https://streeteasy.com/blog/research/

The “Green” Assessment Shock

Just as in commercial real estate, Local Law 97 is impacting residential values. Buildings that failed to upgrade boilers or windows in previous years are now levying massive special assessments. Savvy buyers in 2026 are demanding to see the building’s “Energy Grade” and reserve fund status before making offers.

If your building is on the verge of a major capital improvement project, selling before the assessment is finalized is critical. You can verify your building’s energy grade at the NYC Sustainable Buildings Hub:

https://www.nyc.gov/site/sustainablebuildings/index.page

Strategic Recommendation

The 2026 market is liquid, but selective. Buyers are punishing deferred maintenance and rewarding flexibility. Homeowners who sell now can capitalize on the inventory crunch before the full weight of green compliance costs depresses values in older buildings. Visit MendyRealty.com to discuss your property’s specific risk profile.

http://www.mendyrealty.com