06/11/2026
! Corcoran's own is back with showcase of its properties for our agents, and these properties do wow you! was a stunner today, offering sweeping views from river to river, up to Central Park, and downtown over Bryant Park toward the Empire State Building and beyond. Latest market stats below- read, stay informed and stay in touch!
Corcoran's $5M+ May 2026 Report is in and shows: Manhattan Luxury Activity Dips Annually but Outpaces Historical May Average. Inventory continued to fall year-over-year, marketing times dropped sharply, and average price per square foot declined.
Below are the key highlights from Corcoran’s May 2026 report:
* May 2026 saw 90 contracts above $5M, down 5% year-over-year. However, $5M+ contract activity remained 10% above the historical May average.
*Active $5M+ listings fell to a 12-year May low. The 874 active listings represented an 8% year-over-year decline.
* Days on market fell by roughly three months annually. The sharp 42% drop reflected fewer contracts with marketing times exceeding one year compared to a year ago.
* Average asking price per square foot fell 4% year-over-year to $2,775. This was the first month the average was below $3,000 per square foot since September 2025.
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