Manhattan $5M+ Luxury Sales: September 2026
$5M+ contract activity rises above its historical average for September.
Versus 2025, inventory rose and marketing times declined.
September 2026 saw 57 contracts above $5M, level year-over-year.
However, contract activity was 18% above a typical September.
Active listings rose annually for the first time since June 2024.
Listed inventory rose 6% annually to 836 units but was 16% below the 10-year September average.
Days on market fell by 10% (about two weeks) annually.
Average days on market this month was 30% below the 10-year September average.
Average asking price per square foot rose 6% year-over-year to $3,149.
The overall increase was driven by a greater number of sales above $4,000 per square foot.
