In September, Manhattan’s townhouse market saw a sharp rise in new listings, signaling renewed seller activity while maintaining strong overall performance. Contract activity slowed slightly for the month but remains above the year-to-date average. Inventory levels climbed to 10.7 months, still favoring sellers, and prices continue to strengthen thanks to sustained low supply.
In the luxury segment—properties above $12 million—new listings also surged, though buyer activity paused temporarily. Year-to-date, luxury sales remain ahead of average, with the Upper East Side and Downtown driving demand. Overall, both the core and luxury townhouse markets show steady resilience, limited supply, and continued upward pressure on prices as we move into the final quarter of 2025.
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