June 2026 Manhattan Condo Sales: Broad Demand Meets Rising Inventory, While Luxury Prices Cool in the UES
Manhattan condo sales strengthened in June, with contract activity running slightly ahead of the historical pace and demand now high across all four submarkets — including Midtown, which crossed into high-demand territory for the first time this year. But heavy new supply earlier in 2026 has pushed the broad market to 7.4 months of inventory, its third straight month in buyer’s territory, with Midtown and Downtown carrying the bulk of that overhang. Prices have fully recovered above their 2017 baseline, led by Downtown and a rebounding Upper East Side.
The luxury segment (5M+) tells a different story. Condo sales in this tier continue to outperform by a wide margin, with inventory still tight enough to favor sellers. Yet luxury prices — after fully recovering earlier this year — have begun to soften, concentrated specifically in the Upper East Side despite that submarket’s strong demand and low supply.
Two segments of the same market, moving in opposite directions. Watch the full Sales Briefing above for the complete breakdown by submarket.
A macro view of the Manhattan townhouse market, produced monthly by Javier Ginés.