Manhattan luxury sales declined as inventory increased versus 2023.
Days on market increased annually, but average price per square foot fell compared to last year.
June 2024 had 73 sales over $5M, down 13% annually.
- Sales over $5M have declined 3% during the first half of 2024 compared to the first half of 2023.
Days on market increased 11% year-over-year.
- Average days on market has now increased annually for six of the past 12 months.
Average price per square foot dropped 14% annually to $2,611.
- This month was the lowest average price per square foot since November 2020 and the fourth month in a row below $3,000 per square foot.