The October 2025 sales briefing delivers a macro analysis of Manhattan’s condominium market. After a year of sluggish activity, condo sales finally picked up, with 488 new contracts signed—23% above the historical average—driven by strong demand in the Upper East Side and Downtown. While listings have outpaced norms, elevated inventory levels (7.2 months) and recent price declines indicate the market still favors buyers.
In contrast, luxury condo sales (above $5M) have consistently outperformed, with steady demand and limited inventory supporting a seller’s market despite a short-term price dip. Overall, condo sales are gaining traction, though pricing remains sensitive to supply.