How Strong Were Manhattan Sales in Q1 2026?

Sales volume rose 4% to $6.2 billion on 2,757 closings, according to Corcoran, and higher-end volume rose roughly 10%. Corcoran reported sales above $3 million up 10%, while lower-priced sales declined.

What Was the Median Manhattan Apartment Price in Q1 2026?

Corcoran reported a median of about $1.28 million, up 9%, and average price per square foot of $1,972, up 4%. Brown Harris Stevens reported a median of about $1.13 million, up 13%, with resale condo prices up 10% and co-op prices flat to slightly down.

Is Manhattan Apartment Inventory Still Tight?

Yes. Active inventory was at its lowest level in almost ten years in our data, and Corcoran called it a five-year first-quarter low at just over 6,000 listings, down 2%.

How Strong Were Manhattan Luxury Sales in Early 2026?

Luxury contracts above $4 million topped $1.38 billion in February alone. Wall Street bonuses, stock market gains, and affluent buyers favoring hard assets in global cities drove the demand.

Is Manhattan a Buyer's or Seller's Market in 2026?

It depends on the segment. Condos and new development were strong, co-ops were softer, and deals under $1 million were more negotiable.

How Do the Brokerage Reports Compare for Q1 2026?

Each brokerage counts sales differently, so the figures in each firm's Q1 2026 report differ.

Did Manhattan Signed Contracts Fall in Q1 2026?

Signed contracts fell 11% year over year, which may point to softer closings in the second quarter. Corcoran described the drop as a pause rather than a pullback, citing geopolitics, market volatility, and rate expectations.

What Did Q1 2026 Mean for Manhattan Buyers and Sellers?

Manhattan is a tale of two, or more, cities right now. Condos and new development are strong, co-ops are softer, and entry-level deals have room to negotiate.

What Results Has The Michael J. Franco Team Delivered?

Through Q1 2026, my team had more than $95 million in closed and pending sales, its best quarter ever. Who you work with matters.

Q1 2026

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How Did Manhattan Real Estate Perform in Q1 2026?

Tags: Manhattan real estate / Market Report / Michael J. Franco / Q1 2026 / The Franco Report

Manhattan had its strongest Q1 closing volume in a decade in 2026, but contracts fell 11%. Michael J. Franco on tight inventory and pricing.

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How Did Manhattan Real Estate Perform in Q1 2026?