Manhattan Market Report: October 19–25, 2026

Manhattan's overall market had its strongest contract week of the fall: 219 new contracts signed citywide last week, across all price tiers — up 15% from the week before. Thirty-day liquidity climbed to 834, a fourth straight week of gains that has nearly halved the year-over-year deficit, from 21.1% a month ago to just 6.4% now. New listings fell to 292, their sixth consecutive weekly decline, leaving the supply-to-contract ratio at a fall-tightest 28:1 — a sign competition for available inventory keeps intensifying even as overall supply holds roughly flat at 6,155 active listings.

Mortgage Rates

The 30-year conforming rate eased slightly to 7.25%, its lowest print in weeks and still supporting sub-$2M deal flow, while the 30-year jumbo rate climbed to 7.50%. That pushed the jumbo-conforming spread out to 25 basis points — its widest since the spread flipped positive a couple of weeks ago — meaning jumbo borrowers are once again paying a more meaningful premium over conforming buyers. Both rates remain roughly a full point above where they stood a year ago.

Luxury Spotlight: $4 Million and Above

At the luxury end, 36 contracts were signed at $4 million and above — eight more than the previous week, and the highest weekly total since June 1–7, when 36 were also signed. Condos outsold co-ops 19 to 13, with four townhouses rounding out the mix. The Upper East Side led all areas with 14 signed contracts, followed by the West Side (11), Downtown (8), and Midtown (3), and days on market for $4M+ contracts fell to 62 — the fastest luxury pace of the year.

Leading the week was PHD at 255 East 77th Street, a 5,520-square-foot penthouse condo asking $23.75 million in the Robert A.M. Stern–designed building, with Central Park views and two terraces totaling 363 square feet. Only one unit remains in the building — a 7,206-square-foot penthouse duplex with seven terraces, asking $37.5 million. Close behind was 59A at 53 West 53rd Street, a 3,762-square-foot residence asking $21,530,000 in the Jean Nouvel–designed tower, sold by the sponsor with a corner great room facing Central Park.

Quick Stats — Week of October 19–25, 2026