June’s condo sales briefing tracks a broad Manhattan market where demand is now strong across all four submarkets, even as rising inventory pushes the city into buyer’s territory. In the luxury tier, sales continue to outperform and inventory stays tight — but a curious price decline in the Upper East Side breaks the pattern the rest of the segment is showing.
Condo sales are running about average this year, but rising inventory has pushed the broad market into buyer’s territory. Luxury tells a different story — demand stays strong and prices, while off their early-year peak, remain firm.
Downtown condo prices are at the same level they were in 2017. A structural analysis of why the plateau has persisted for nearly a decade — and what it would take for prices to move.
Condo sales posted a strong April, but the year-to-date pace still trails normal, and the broad market has tipped into buyer’s-market territory. At the luxury tier, it’s the opposite — demand keeps outrunning supply, and prices are already back above 2017 levels.
The Manhattan condominium market in March 2026 is two markets moving in opposite directions. Below $5 million, inventory is balanced and prices have stabilized; above $5 million, inventory is at historic lows and prices are rising sharply.
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Manhattan condo sales surged in October 2025, but high inventory keeps it a buyer’s market. Luxury condos outperform with strong demand.
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Manhattan condo sales shows rising listings, steady prices, and strong luxury demand with momentum in the Upper East Side and Downtown.
