The Manhattan condominium market in March 2026 is not one market — it is two, moving in opposite directions. Below $5 million, sales are underperforming, inventory is balanced, and prices have stabilized after a significant decline in 2025, with the sharpest stress concentrated in Midtown and Downtown.
Above $5 million, the picture is categorically different: demand is outpacing historical averages, inventory across every submarket is at unusually low levels, and prices are rising at a pace that reflects genuine scarcity rather than sentiment. The data tells you where each market stands. What it cannot tell you is which market your situation belongs to — and what the divergence between them means for the decision you are facing. If you want to think through what this means for your specific situation, a conversation starts here.