April 2026: Manhattan Condominium Sales Briefing
Condo sales in Manhattan posted a strong April — 473 new contracts — but the year-to-date pace still trails the historical average, with the broad market slipping into buyer’s-market territory as new supply outruns demand. Withdrawals are running well above normal too, a sign that sellers are less committed than usual. The Upper East and Upper West Sides remain the exception, holding balanced while Midtown and Downtown absorb the bulk of the added inventory.
The luxury tier — above $5 million — tells a different story. Demand continues to run far ahead of historical norms, inventory is tight, and prices have already moved back above their 2017 baseline, led by the Upper East and Upper West Sides.
Two markets, moving on different clocks. Whether the right move is to buy, sell, or wait depends entirely on which of these markets an owner or buyer is actually standing in.
A macro view of the Manhattan condominium market, produced monthly by Javier Ginés.