Manhattan Market Report: October 26–November 1, 2026
Manhattan closed out October with back-to-back strong weeks for buyer activity: 220 new contracts signed citywide, essentially flat with the week before (219) but part of a market that's clearly gaining momentum heading into the holidays. Thirty-day liquidity jumped 7.1% week-over-week to 893 contracts, the fastest pace of the fall, even as the year-over-year gap held around -7%. Supply kept tightening too — active inventory slipped to 6,132 listings, down 8.9% from a year ago, while new listings fell 13.7% week-over-week as sellers pulled back ahead of winter.
Mortgage rates gave buyers a reason to move: the 30-year conforming rate dropped 11 basis points to 7.14%, while the 30-year jumbo rate fell a sharper 35 basis points to 7.15% — nearly erasing what had been a 25-basis-point jumbo premium just a week earlier. With conforming and jumbo rates now essentially equal, buyers across price points have one less reason to sit on the sidelines.
Luxury Spotlight: $4 Million and Above
At the luxury end, thirty-four contracts were signed last week at $4 million and above, two fewer than the previous week. Condos outsold co-ops 17 to 12, with five townhouses in the mix. It was the second week in a row — and the 10th time this year — that the Upper East Side bested Downtown in signed contracts, 17 to 12, a split that mirrored the condo/co-op matchup exactly.
This Week's Top Contracts
No. 1 — PH1, 111 Murray Street, asking $33.95 million, reduced from $45 million when the building began marketing in September 2015. This full-floor penthouse condo spans 7,675 square feet with 5 bedrooms and 6.5 bathrooms, a 66-foot great room with a fireplace and 14-foot ceilings, and two terraces totaling 233 square feet with views of both the Hudson and East Rivers. The building offers 20,000 square feet of amenities, including a fitness center, pool, hammam, salon, playroom, game room, lounge, and a ground-floor landscaped garden.
No. 2 — PH, 71 Murray Street, asking $18.5 million, listed in April. This condo triplex penthouse offers 6,312 square feet plus 3,148 square feet of terraces across 4 bedrooms and 4.5 bathrooms, including a 44-foot great room with a gas fireplace, a primary suite floor with office and three terraces, a roof-terrace top floor, a glass staircase, and a 36-foot rock-climbing wall.
