June 2026: Manhattan Townhouse Sales Briefing
Townhouse sales in Manhattan kept overperforming in June — 24 contracts signed, well ahead of the historical pace — and for the first time in a while, demand is broad-based, with every prime submarket running hot. Supply stayed in line with the season, keeping inventory contained at 9.9 months: still a seller’s market for a product this illiquid, with the tightest conditions in Downtown and Midtown. Prices continue to recover, led by Downtown’s return above its 2017 baseline.
The luxury tier — above $12 million — is strengthening too, with demand now spread across every prime submarket, including early signs of life on the Upper West Side after a long stretch of none. But new supply pulled back sharply in June, keeping inventory low and prices climbing, sharpest in Midtown. The Upper West Side remains the exception, still working through a backlog of unsold stock even as buyer interest returns.
Two markets moving in the same direction, but not at the same speed — and in a market this thin, the right answer depends entirely on which tier an owner or buyer is standing in.
A macro view of the Manhattan townhouse market, produced monthly by Javier Ginés.