Manhattan Residential Contracts from June 9-15, 2025

Last week, Manhattan saw 220 apartment and townhouse contract signings, totaling nearly $600 million in potential sales if all units close at their asking prices. This was a 7% decrease in dollar amount from the previous week and a double-digit dip in transactions as high interest rates, high prices, and general uncertainty weighs on the market.

The overall median asking price of signed units was fell slightly to $1.43 million, as the figure for signed condos fell below $1.8M. The average time on market was steady at around 100 days, despite a greater number of townhouse contracts signed in the period.

Aggregate sales and median prices are based on each unit's last publicly displayed asking price before contract signing. The percent change is compared to the prior week.
Source: CityRealty Get the data Created with Datawrapper