Manhattan $5M+ Luxury Sales: April 2026
Manhattan’s luxury market remains active despite uncertainty.
Inventory continued to drop, marketing times declined, and average price per square foot increased.
April 2026 saw 86 contracts over $5M, up 9% year-over-year.
However, $5M+ contract activity declined 9% month-over-month.
Active $5M+ listings fell to a 12-year April low.
The 862 active listings represented a 14% year-over-year decline.
Days on market fell by nearly a month year-over-year.
The 13% annual drop was due to fewer contracts with marketing timelines longer than six months compared to a year ago.
Average asking price per square foot rose 13% year-over-year to $3,143.
This was the seventh consecutive month with an average ask of more than $3,000 per square foot.
