Manhattan $5M+ Luxury Sales: June 2025
Manhattan luxury contracts dip as inventory declines.
Days on market fell versus 2024 while average price per square foot remained level.
June 2025 saw 83 contracts over $5M, up 14% year-over-year.
- Overall reported signed contracts were 10% above the 10-year average for the month of June.
Active listings fell 18% year-over-year.
- Across-the-board declines brought listed inventory to the lowest June level in 10 years.
Days on market declined 34% year-over-year.
- New developments fueled the overall annual drop in average marketing times.
Average asking price per square foot was $3,123, up 20% annually.
- The number of contracts asking over $4,000 per square foot tripled year-over-year, driving the gain.
