Manhattan Residential Contracts from September 1-7, 2025

Over the first week of September 2025, on the week of Labor Day, the number of Manhattan apartment and townhouse contract signings increased 15% totaling $342 million in potential sales if all units close at their asking prices. This was a 20% surge in dollar amount week-over-week. The median last asking price rose 16% to $1.375M, while the average time on market fell to 97 days, largely due to an increase in new development signings whose marketing times are more difficult to track.