Number of Manhattan apartment sales per quarter since 2016

Manhattan has recorded 3,600 apartment sales in Q3 2026 so far, already 7% more than the 3,366 in Q3 2025, and we project the quarter will finish at about 3,660 sales, up roughly 9% year over year. That would reverse the decline in Q2, when closings fell 6% year over year (3,033 versus 3,236). Closings are up 19% from Q2 so far, or about 21% on a projected basis. Tight inventory, elevated mortgage rates, and dwindling new development supply remain headwinds, but the third quarter points to a clear pickup in closings. Q3 totals are preliminary; the projection range is about 3,635 to 3,700 sales.