08/19/2026
! Advantage of working for a #1 Company in New York Real Estate like ? You can walk into a company office even in small towns like ! Maybe it is not ideal to be pushing that board package while on your beach away, but if the time pressure comes, it is nice to have a workable solution!
I am pleased to present Corcoran's July 2026$5M+ Report. Data shows Contract Activity Above Historical Average for July. Versus 2025, inventory continued to decline, marketing times fell, and pricing cooled.
Below are the key highlights from the report:
* July 2026 saw 53 contracts above $5M, up 2% year-over-year. Double-digit annual percentage gains in resale condo and resale co-op sales drove the market wide increase.
* Active listings hit a 12-year July low. Listed inventory fell 3% annually to 782 units.
* Days on market fell by 24% (one month) annually. All product types year-over-year declines in average marketing time.
* Average asking price per square foot fell 3% year-over-year to $2,906. The annual decline was driven by a double-digit decline in resale co-op price per square foot.
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