Core NYC Weekly Residential Contract-Signings: May 18-24, 2026

Manhattan’s residential contract market was very active this past week, with 390 signed deals totaling about $764 million in ask volume. While the luxury market continues to command attention, especially among newer condo developments, the broader market was more balanced than it may appear at first glance. Co-ops accounted for a meaningful share of overall activity, and the median asking price, around $1.3 million, came in well below the nearly $2 million average, suggesting a healthy concentration of deals occurred outside the ultra-prime segment.

Much of the strongest activity clustered within the Upper West Side, Upper East Side, and lower Manhattan's west side submarkets, where buyers continue to gravitate toward newer product with strong amenity offerings and larger layouts. Buildings like 50 West 66th Street, The Henry, and One High Line continued to generate significant activity. Family-sized residences appeared especially resilient, with larger homes continuing to attract steady demand despite elevated pricing.

At the same time, the pace of the market remained relatively healthy. Homes spent an average of 100 days on the market (median of just 57 days), indicating buyers are moving decisively when well-positioned inventory comes online. While trophy penthouses and record-setting towers continue to dominate headlines, much of the week's activity reflected a deeper market where buyers remain focused on quality, livability, and long-term value in established Manhattan neighborhoods.