06/17/2026
📊 Manhattan Market Update | May 2026
The May data for the Manhattan market continued to show spring momentum, with rising sale prices, more contracts being signed, and homes selling faster in May than they did in the previous month.
Here are a few highlights:
✨ Average Sold Price: $2.5M
⬆️ Up 11.4% from April
✨ Median Sold Price: $1.375M
⬆️ Up 5.8% from April
✨ Contracts Signed: 1,141
⬆️ Up 4.1% from April
✨ Active Listings: 6,926
⬆️ Up 4.4% from April. More inventory giving buyers additional options
✨ Average Days on Market: 119
⬇️ Down 9.2% from April
Looking at individual property types:
🏡 Condominiums vs. Cooperatives
Average Sold Price: $3.22M vs. $1.54M
Average PPSF: $1,816 vs. $1,166
Average Days on Market: 123 vs. 115
What stands out to me is that while inventory levels continued to grow, buyer activity kept pace. For sellers, that’s encouraging news. For buyers, increased inventory means more opportunities and choices.
June data is likely to look similar, as it reflects activity from previousl months during the spring season. But as we are heading into summer, the question remains: typical summer slowdown or continuation of delayed spring market?
As always, Manhattan is not one market—it’s a collection of many micro-markets, buildings, and neighborhoods. So understanding what’s happening in your specific area is far more important than following the headlines.
Curious what these numbers mean for your apartment or your next move? I’d be happy to help. Reach out!