Manhattan Market Report - Oct. 14, 2026

Year to date, Manhattan resale contracts total 7,405, about 5% above the historical average of 7,052. Spring was particularly strong, with every month from March through July beating its average. June led the way, running 16% above normal. August and September slowed, finishing 6% and 5% below average, respectively.

The picture varies by neighborhood. The Financial District is running 58% above average, NoMad is up 46%, and Central Harlem is up 36%. Greenwich Village and Washington Heights are both 11% below average, while Yorkville is off 7%.

What does this mean for the market? Demand has been solid overall, but the last two months show that buyers are becoming more selective. Sellers need to get pricing right from day one. For buyers, the recent slowdown means less competition than we saw in the spring - a good reason to keep looking.