Manhattan Residential Contracts from August 25-31, 2025

Over the last week of August 2025, preceding the Labor Day weekend, the number of Manhattan apartment and townhouse contract signings fell 26% with 140 deals totaling $285 million in potential sales if all units close at their asking prices. This was a 27% drop week-over-week. The median asking price also fell 8% to $1.18 million, while the average time on market swelled to 137 days.