Manhattan luxury sales continue to rise as inventory declines.

Days on market and average price per square foot increased versus 2024.

March 2025 had 102 contracts over $5M, up 44% year-over-year. This was the strongest month for contracts asking over $5M since December 2021.

• Contracts asking over $5M increased by double-digits annually for all product types.

Active listings fell 15% year-over-year.

• Robust contract activity pushed active listings to their lowest March level in 10 years.

Days on market increased 57% year-over-year.

• All product types increased by double-digits versus 2024.

Average asking price per square foot rose 11% versus 2024 to $3,154.

• This month’s annual increase was due to more than triple the number of contracts asking over $5,000 per square foot along Billionaire’s Row versus 2024.