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Manhattan’s luxury market stays active despite an annual percentage decline. Inventory continued to drop, marketing times declined, and average price per square foot held steady.

Contract activity and average days on market moderate annually. Listing inventory reaches multi‑year low and average price per square foot declines

Manhattan had a powerful start to the year. Sales are growing, volume is up, and pricing is holding firm, even with all the noise in the broader economy.

Manhattan's rental market has become more challenging than ever for home seekers. Pricing in Brooklyn reached a new record as well, with a median rent of $4,296 per month. But it’s important to note that the number of active listings

February sees fewer sales but less days on market. Brooklyn experienced its fifth straight month of inventory growth and rising prices.

Manhattan's luxury market remains active early in the year. Inventory continued to decline, average marketing times rose and average price per square foot increased versus 2025.

Contract activity slows for second consecutive month as co-op and sub-$1M sales decline. Inventory declines and price per square foot rises amid strong high-end activity.

Despite the drop in temperatures and rise in pricing, Manhattan’s rental market began 2026 with increased activity. Across the East River, Brooklyn’s rental market kicked off the year with its strongest January for signed leases since 2021.