Manhattan $5M+ Luxury Sales: June 2026
$5M+ sales dip annually but remain above historical June average.
Versus 2025, inventory continued to decline, marketing times rose, and pricing cooled.
June 2026 saw 78 contracts above $5M, down 6% year-over-year.
A deep double-digit annual percentage decline in new development sales drove overall deal activity lower.
Active listings hit a 12-year June low.
Listed inventory fell 4% annually to 853 units.
Days on market rose by one month annually.
The 20% increase reflected a greater number of contracts with marketing times more than one year compared to 2025.
Average asking price per square foot fell 4% year-over-year to $2,991.
The annual decline was driven by a 10% drop in the share of contracts signed above $3,000 per square foot.
