Manhattan $5M+ Luxury Sales: March 2026
Manhattan’s luxury market stays active despite an annual percentage decline.
Inventory continued to drop, marketing times declined, and average price per square foot held steady.
March 2026 saw 95 contracts over $5M, down 7% year-over-year.
Despite the year-over-year decline, $5M+ contract activity was 10% above the March 10-year average.
Active listings fell 8% year-over-year.
$5M+ active listings fell to a 12-year low of 763.
Days on market declined 8% year-over-year.
New developments fueled the overall annual drop in average marketing times.
Average asking price per square foot was level year-over-year at $3,161.
This was the sixth consecutive month with an average ask of more than $3,000 per square foot.
