Manhattan $5M+ Luxury Sales: July 2026
$5M+ contract activity was above the historical July average.
Versus 2025, inventory continued to decline, marketing times fell, and pricing cooled.
July 2026 saw 53 contracts above $5M, up 2% year-over-year.
Double-digit annual percentage gains in resale condo and resale co-op sales drove the market-wide increase.
Active listings hit a 12-year July low.
Listed inventory fell 3% annually to 782 units.
Days on market fell by 24% (one month) annually.
All product types showed year-over-year declines in average marketing time.
Average asking price per square foot fell 3% year-over-year to $2,906.
The annual decline was driven by a double-digit decline in resale co-op price per square foot.
