10/13/2026
📊 MANHATTAN MARKET REPORT | SEPTEMBER 2026
Fewer contracts. Less inventory. Higher price per square foot.
September’s Manhattan market reflects a continued push and pull: contract activity slowed, yet available inventory remained exceptionally tight while pricing metrics moved higher.
Here’s what stood out:
🏙️ 701 contracts signed — down 13% year over year
⏱️ 126 average days on market — up 7%
🔑 6,354 active listings — the lowest September inventory since 2017
📈 $1,958 average price per square foot — up 10%
🤝 Average discount from last asking price: 3.7%
The market also continues to perform differently depending on price point.
Contract activity below $3M posted double-digit annual declines, while the $3M–$5M segment increased 14%. At the same time, limited supply remains a significant factor, with Manhattan inventory now declining year over year for nine consecutive months.
Negotiability is shifting, too. Corcoran-reported contracts averaged 3.7% below the last asking price, with condos seeing a larger 4.5% average discount compared with 1.9% for co-ops.
For buyers, slower activity and increased negotiability may create opportunities—but limited inventory means the right property can still be difficult to replace.
For sellers, understanding how your specific property type, price point, and neighborhood are performing is increasingly important.
Swipe through for a closer look at September’s numbers. →
Curious where you stand in today’s Manhattan market? Whether you’re evaluating a purchase, considering a sale, or simply weighing your next move, shoot us a message and we’ll help you put the numbers into context.