Manhattan luxury sales display an uptick as inventory remains steady versus 2023.
Days on market declined annually but average price per square foot rose compared to last year.
July 2024 had 56 sales over $5M, up 2% annually.
- Sales over $20M doubled versus a year ago.
Active listings were level year-over-year.
- Resale condo was the only product type to display an annual gain in listed inventory.
Days on market fell 13% year-over-year.
- Average days on market has now declined annually for seven of the past 12 months.
Average price per square foot rose 16% annually to $3,254.
- This month, a resale at the Aman New York Residences drove the average higher. Excluding this sale, the average was $2,987, about a 7% annual increase.