Manhattan’s summer listing slump may not be entirely seasonal. A growing share of the borough’s inventory is being pulled from public view and Compass is at the center of the strategy.
StreetEasy listings in Manhattan dropped 7 percent in the first week of August and 11 percent by the second week. That is well above the typical early-August decline: from 2023 through 2025, only about 3 percent of listings were pulled during the first week of the month.
The moves follow a meeting held last month where Compass chief executive officer Robert Reffkin, who urged top agents at Compass, Corcoran and Sotheby’s International Realty to temporarily remove listings from StreetEasy as part of the brokerage’s “Fall Marketing Playbook.”…