Manhattan Market Report - Oct. 21, 2026

For the fifth consecutive week the number of new listings dropped in Manhattan. Currently we have the lowest supply of homes for sale that we've seen in some time. It's one reason that fewer contracts have been signed than normal. Higher interest rates and world events are also keeping some buyers sitting on the sidelines.

It's no surprise that the $4M+ market has been faring well, as it has all year. The $2-4M market is not far behind. It's the $1-2M market that's really lagging - more so than the under $1M market, which keeps chugging along. Over the next 4-5 weeks we should see an increase in contracts signed before the market starts to slow down for the holidays.