Manhattan Weekly Market Report
Week of 4/10/2026
Summary:
Manhattan supply ticked higher this week but remains about 10% below last year, keeping inventory tight as spring enters its busiest phase. Demand is improving and holding above key spring levels, though it still trails 2025 performance. New listings rebounded sharply, briefly boosting choice for active buyers, while weekly contracts dipped. Overall, the market remains balanced but constrained, with modest demand gains offset by the limited available inventory.
Market Pulse: Seller’s Market
Latest Reading: +1.75 The Market Pulse remains in a Seller's Market, though it has softened by 0.3 from last month. Despite this monthly dip, it is +0.3 higher than it was at this time last year.
Detailed View:
Supply
Manhattan supply increased 3.6% week-over-week to 6,132 units. Inventory remains significantly lower than last year's level, down 10.0%.
Demand
Liquidity/Demand rose 0.9% this week to a reading of 1,073. While demand is improving seasonally, it is still 6.3% lower than the same period in 2025.
New Listings
Fresh inventory saw a massive seasonal surge of 66.5% week-over-week, with 526 new listings arriving. This volume is 6.7% higher than the same week last year.
Contracts Signed
Weekly deal volume softened to 249 signed contracts, a 5.7% decrease from last week. However, current activity is 6.9% higher than last year's pace.
Mortgage Rates
Mortgage rates showed mixed results this week, with conforming rates dipping while jumbo rates saw a slight increase.
30Y Conforming: 6.28% (-7 bps week-over-week)
30Y Jumbo: 6.56% (+4 bps week-over-week)
Chart of the Week: Segment Performance - Luxury vs. Non-Luxury
Non-luxury listings (under $4M) hit their highest 30-day success rate since early 2022 this February. While luxury (over $4M) remains elevated compared to the prior decade, it has been range-bound for several months. Interestingly, luxury held up better than non-luxury when rates first rose in 2022; if that dynamic is now reversing, the sub-$4M market may be quietly taking the lead in terms of relative performance once again.
Source: UrbanDigs
Week of 4/03/2026
Summary:
Manhattan’s spring market continues to show steady demand growth constrained by limited supply. Supply ticked up this week but remains roughly 9% below last year, keeping inventory tight despite the seasonal build. Demand is still trending upward, though it lags behind the strong spring start of 2025. Weekly contracts signed saw a significant rebound, jumping more than 20%. The market's further upside remains dependent on how much additional inventory materializes in the coming weeks.
Market Pulse: Seller’s Market
Latest Reading: +1.85 The Market Pulse remains firmly in Seller's Market territory. The reading has increased by +1.1 from last month and is +1 higher than the same period last year.
Detailed View:
Supply
Manhattan supply decreased 0.6% week-over-week to 5,917 units. Inventory remains significantly tighter than a year ago, currently sitting 11.2% lower.
Demand
Liquidity/Demand rose 2.0% this week to a reading of 1,063. Despite the recent climb, demand levels are 7.6% lower than they were during the same week in 2025.
New Listings
Fresh inventory saw a significant weekly drop of 24.8%, with 316 new listings arriving. This volume is nearly 40% lower than the same week last year.
Contracts Signed
Weekly deal volume remained unchanged from the previous week at 264 signed contracts. This activity is 6.0% lower than last year's pace.
Mortgage Rates
Rates showed mixed movement this week, with conforming rates decreasing while jumbo rates edged slightly higher.
30Y Conforming: 6.34% (-8 bps week-over-week)
30Y Jumbo: 6.52% (+1 bp week-over-week)
Chart of the Week: Manhattan Listing Climate
This week's focus is on the listing climate index, which shows improving conditions but remains below the threshold for an "easy" market. After a strong start to the year, momentum flattened in March, reflecting macro headwinds and higher interest rates. While the environment is more favorable for sellers than it was a year ago, current readings remain well below the 2022 and 2024 listing peaks. The clear takeaway: conditions have improved, but realistic pricing remains essential for sellers.
Current Reading (Mar 2026): 2.41
Peak Reading (Mar 2022): 3.42
Year-over-Year Change: -14.5% (compared to Mar 2025)
Source: UrbanDigs
Week of 3/27/2026
Summary:
Manhattan’s spring market continues to show steady demand growth constrained by limited supply. Supply ticked up this week but remains roughly 9% below last year, keeping inventory tight despite the seasonal build. Demand is still trending upward, though it lags behind the strong spring start of 2025. Weekly contracts signed saw a significant rebound, jumping more than 20%. The market's further upside remains dependent on how much additional inventory materializes in the coming weeks.
Market Pulse: Seller’s Market
Latest Reading: +1.4 The Market Pulse remains in Seller's Market territory. The reading is up 0.3 from last month and +0.5 higher than this time last year.
Detailed View:
Supply
Manhattan supply increased 2.7% week-over-week to 5,952 units. Despite this seasonal increase, inventory is 9.3% lower than it was at this time in 2025.
Demand
Liquidity/Demand rose 4.0% this week to a reading of 1,042. However, demand levels remain 6.8% below the same period last year.
New Listings
Fresh inventory saw a slight weekly dip of 3.2%, with 420 new listings arriving. This volume is 3.9% lower than the same week last year.
Contracts Signed
Weekly deal volume showed strong momentum, jumping 22.2% to 264 signed contracts. This activity is now nearly on par with last year, down a marginal 0.4%.
Mortgage Rates
Mortgage rates trended higher this week, with the 30Y Conforming rate rising to its highest point in over a month.
30Y Conforming: 6.42% (+17 bps week-over-week)
30Y Jumbo: 6.51% (+7 bps week-over-week)
Chart of the Week: Buyers Have Best Negotiating Position in Three Years
Asking prices in Manhattan have fully reset to 2021 levels, effectively erasing the entire post-pandemic run-up. Sellers still anchored to peak 2024 pricing are finding themselves out of sync with a market that has already moved on.
Median Ask Today: $1.50M (Reset to Jan '21 levels)
Average Ask Today: $3.33M (Down from a peak of $3.87M)
Source: UrbanDigs
Week of 3/20/2026
Summary:
Manhattan supply rose this week but remains roughly 9% below last year, keeping inventory firmly constrained as spring progresses. Demand pushed back above the 1,000 mark, yet still trails last year’s pace. While new listings increased slightly, they continue to lag typical seasonal levels, reinforcing the supply bottleneck. Weekly contract activity dipped, though this appears to be a short-term pause rather than a shift in trend. Overall, while demand is improving, the fact that mortgage rates have ticked back up to 6.25% remains a key point of concern for the market.
Market Pulse: Seller’s Market
Latest Reading: +3.05 The Market Pulse remains in Seller's Market territory. The reading has increased by +1.2 from last month and is +2.3 higher than the same period last year.
Detailed View:
Supply
Manhattan inventory rose 3.5% week-over-week to 5,797 units. Despite the seasonal build, total supply is still 9.4% lower than it was at this time in 2025.
Demand
Liquidity/Demand increased 2.7% this week to a reading of 1,008. Current demand levels are 1.7% lower than the same period last year.
New Listings
Fresh inventory saw a modest weekly increase of 1.6%, with 439 new listings arriving. However, this volume remains significantly lower than last year, down 23.5%.
Contracts Signed
Weekly deal volume softened to 196 signed contracts, a 14.4% decrease from last week and 13.3% lower than the same week last year.
Mortgage Rates
Mortgage rates continued to climb this week, with both conforming and jumbo rates showing increases.
30Y Conforming: 6.25% (+6 bps week-over-week)
30Y Jumbo: 6.44% (+2 bps week-over-week)
Chart of the Week: The Renovation Premium
This week's focus is on the price gap between renovated and unrenovated properties, which currently stands at roughly 16%. In an environment of high renovation costs and logistical uncertainty, buyers are continuing to pay a clear premium for turnkey products. For sellers, this highlights that while the market is tight, "move-in ready" remains the most effective way to capture maximum value and liquidity.
Source: UrbanDigs
Week of 3/13/2026
Summary:
Manhattan supply jumped 3% this week, yet remains roughly 9% below last year, reinforcing the borough's tight market theme. Demand is trending in a positive direction as liquidity climbs with the market transitioning into its busiest seasonal stretch. While new listings continue to rise in a spring wave, weekly deal volume dipped—likely a reflection of macro headwinds ranging from higher mortgage rates to volatility in the financial markets. Constrained supply and firming demand remain the defining factors for the unfolding season.
Market Pulse: Seller’s Market
Latest Reading: +2.65 The Market Pulse remains firmly in the Seller's Market zone. This reading has surged +1.8 from last month and is +2.1 higher than this time last year.
Detailed View:
Supply
Manhattan supply increased 3.0% week-over-week to 5,601 units. Inventory continues to be significantly tighter than the previous year, currently sitting 9.3% lower.
Demand
Liquidity/Demand rose 2.8% this week to a reading of 982. Current demand levels are 2.3% higher than the same period last year.
New Listings
Fresh inventory saw a weekly increase of 5.9% with 432 new listings hitting the market. However, this volume is still 19.7% lower than the same week in 2025.
Contracts Signed
Weekly deal volume softened to 229 signed contracts, representing a 6.9% decrease from last week. Activity is also 4.6% lower than the same week last year.
Mortgage Rates
Both conforming and jumbo rates saw notable increases this week.
30Y Conforming: 6.19% (+15 bps week-over-week)
30Y Jumbo: 6.42% (+13 bps week-over-week)
Chart of the Week: Macro Uncertainty and Market Risk
Manhattan resale condo prices have largely plateaued over the past decade. After a brief bump last spring, values have eased back to hover in line with long-term averages. This data serves as a sobering reminder for expectation management; while many sellers assume strong appreciation since the mid-2010s, many purchases from that era are closer to a breakeven point today once market conditions are factored in.
Source: UrbanDigs
Week of 3/06/2026
Summary:
Manhattan is entering spring with inventory levels that are beginning to flatten just as demand starts to rotate higher. Supply inched up roughly half a percent this week, though the growth slope is noticeably flatter than typical seasonal trends heading into March. On the demand side, weekly contract signings jumped more than 20%, signaling that pipeline activity is finally beginning to hit the tape. While the market is showing convinced signs of life, it remains to be seen if this momentum can be sustained through the spring.
Market Pulse: Seller’s Market
Latest Reading: +0.95 The Market Pulse remains in the Seller's Market zone. While the reading is down 0.4 from last month, it is +0.3 higher than this time last year.
Detailed View:
Supply
Manhattan supply increased 1.2% week-over-week to 5,439 units. Despite this rise, structural inventory remains tight, currently sitting 7.9% lower than last year.
Demand
Liquidity/Demand surged 12.2% week-over-week to a reading of 955. This level is now 0.4% higher than the same period last year.
New Listings
Fresh inventory saw a significant weekly jump of 55.7% with 408 new listings arriving. However, this volume is still 13.9% lower than the same week in 2025.
Contracts Signed
Weekly deal volume increased to 246 signed contracts, a 5.1% rise from last week. Activity is nearly level with last year, down a marginal 0.8%.
Mortgage Rates
Rates for both conforming and jumbo loans ticked higher this week
30Y Conforming: 6.04% (+10 bps week-over-week)
30Y Jumbo: 6.29% (+7 bps week-over-week)
Chart of the Week: Macro Uncertainty and Market Risk
Credit spreads continue to widen as geopolitical uncertainty persists in the Middle East. Additionally, the software sector has recently experienced a reset due to AI disruption risks affecting SaaS companies. As the spring cycle begins, the critical question is whether this "risk-off" sentiment will spill over from equity markets into the credit markets and broader real estate activity.
Source: UrbanDigs
Week of 2/27/2026
Summary:
Manhattan is entering spring with inventory levels that are beginning to flatten just as demand starts to rotate higher. Supply inched up roughly half a percent this week, though the growth slope is noticeably flatter than typical seasonal trends heading into March. On the demand side, weekly contract signings jumped more than 20%, signaling that pipeline activity is finally beginning to hit the tape. While the market is showing convinced signs of life, it remains to be seen if this momentum can be sustained through the spring.
Market Pulse: Seller’s Market
Latest Reading: +1.2 The Market Pulse remains in Seller's Market territory, though it has softened by 0.5 from last month. However, it remains +0.4 higher than this time last year.
Detailed View:
Supply
Manhattan supply increased 0.5% week-over-week to 5,376 units. Inventory remains structurally tight, sitting 7.5% below last year's levels.
Demand
The 30-day contract pace rose 5.8% this week to 851. While this continues a seasonal rise, liquidity is still 4.4% below the same period last year.
New Listings
Fresh inventory saw a weekly decline of 4.4%, with 262 new listings arriving. This volume is significantly lower than last year, down 29.2%.
Contracts Signed
Weekly deal volume showed significant strength, climbing 22.5% to 234 signed contracts. This represents a 5.4% increase compared to the same week in 2025.
Mortgage Rates
Rates for both conforming and jumbo loans decreased this week, with conforming rates dipping back below the 6% threshold.
30Y Conforming: 5.94% (-6 bps week-over-week)
30Y Jumbo: 6.21% (-18 bps week-over-week)
Chart of the Week: Manhattan Liquidity Pace
This week’s deeper dive shows Manhattan has pushed from the "low liquidity" zone into the low end of "neutral". While this is a marked improvement, the market is still far from the high-octane spring surges seen several years ago before rate hikes reshaped the cycle. Since then, spring surges have been shorter and more fragile; the key question now is how high this liquidity climb will go and how long it can hold.
Current Liquidity Reading: 851
Year-to-Date Change: +14.2%
Month-over-Month Change: +31.1%
Year-over-Year Change: -2.9%
Source: UrbanDigs
Week of 2/20/2026
Summary:
Manhattan is entering the spring season with tightening inventory and gradually improving demand. While weekly contract signings dipped slightly from last week, they remain within a normal seasonal range. The market is currently characterized by a slow transition out of winter, with a convincing push in activity expected to accelerate further as we move into March.
Market Pulse: Seller’s Market
Latest Reading: +0.65 The Market Pulse remains in Seller's Market territory, though it has softened by 1.6 from last month and 0.2 from last year.
Detailed View:
Supply
Manhattan supply edged up marginally by 0.6% this week to 5,349 listings. While inventory continues to rise, the pace of growth is flattening as it remains 5.9% lower than this time last year.
Demand
Liquidity/Demand increased 6.1% week-over-week to 804. This represents a continued seasonal climb off January lows, though demand still sits 4.5% below last year's levels.
New Listings
Fresh inventory saw a modest weekly increase of 5.4% with 274 new listings arriving. Despite the weekly bump, new listing volume remains significantly lower than last year, down 22.8%.
Contracts Signed
Weekly deal volume softened to 191 signed contracts, a 16.2% decrease from last week. However, activity remains 2.1% higher than the same week in 2025.
Mortgage Rates
Conforming rates improved slightly while jumbo rates saw a sharp increase.
30Y Conforming: 6.00% (-4 bps week-over-week)
30Y Jumbo: 6.39% (+28 bps week-over-week)
Chart of the Week: They Ain't Making 'em Like They Used To
This week's focus is on the structural decline of new development supply. Since 2020, active new development condo inventory in Manhattan has fallen roughly 60%, and it is down 80% since 2008. In contrast, resale condo supply has barely moved. This lack of new inventory helps explain why Manhattan prices have remained largely sideways rather than correcting lower despite broader economic shifts.
Source: UrbanDigs
Week of 2/13/2026
Summary:
Manhattan is idling at the edge of spring. Supply was essentially flat week-over-week and remains meaningfully below last year. New listings had a surprisingly light print as we head into the back half of February, likely impacted by recent snow and cold weather. Demand, however, is starting to rotate higher, with the 30-day pace rising 5% on the week. Weekly signed contracts jumped nicely, suggesting that late-January pipeline activity is finally hitting the tape. While not yet at full spring acceleration, this represents the market's first convincing push toward the new season.
Market Pulse: Seller’s Market
Latest Reading: +1.5 The Market Pulse reflects a Seller's Market, though it has decreased by 1.2 from last month. Despite the monthly softening, the reading is +0.5 higher than this time last year.
Detailed View:
Supply
Manhattan inventory is effectively idling, rising just 0.1% week-over-week to 5,318 homes. Total supply remains 5.0% lower than the already-low levels seen in 2025.
Demand
Momentum is building as the 30-day contract pace rose 5.3% this week to 758. However, demand still sits approximately 4.9% below last year's strong early-spring performance.
New Listings
Fresh inventory saw a sharp weekly decline, with only 260 new listings arriving—a 21.9% decrease from last week. Year-over-year, new listing volume is down 18.8%.
Contracts Signed
In a significant sign of rotational strength, weekly deal volume surged 61.7% to 228 signed contracts. This volume is 7.0% higher than the same week last year.
Mortgage Rates
Both conforming and jumbo rates saw notable decreases this week.
30Y Conforming: 6.03% (-6 bps week-over-week)
30Y Jumbo: 6.11% (-12 bps week-over-week)
Chart of the Week: Profit or Loss Isn’t About Price—It’s About Timing
A decade of sideways price movement in Manhattan serves as a sobering reminder that timing often matters more than purchase price. Buyers from the 2009–2012 era are sitting on the most substantial gains, with 2009 purchasers seeing likely returns near 51%. Conversely, those who bought between 2015 and 2018 are often flat or only marginally positive before considering transaction costs like taxes and friction. Only those who purchased during downturns or more recently in 2020 are seeing meaningful appreciation.
Source: UrbanDigs
Week of 2/06/2026
Summary:
Manhattan continues its slow transition out of winter. Supply inched higher but remains below last year's already-low levels. New listings jumped 25% this week, in line with typical early-February behavior, though demand is still finding its footing. While the 30-day contract pace rose 4% on the week, it remains below last year's performance. Weekly contracts signed came in light, likely due to a combination of timing, weather, and a "January hangover". This period appears to be a bottoming phase rather than a breakdown, with February expected to drive the market's recovery.
Market Pulse: Seller’s Market
Latest Reading: +1.75 The Market Pulse reflects a firm Seller's Market, though it has decreased by 1.3 from last month. Despite the monthly dip, the reading is 0.8 higher than this time last year.
Detailed View:
Supply
Manhattan active inventory increased for the third consecutive week to 5,313 homes. This represents a 1.9% increase week-over-week, though it remains 4.7% lower than last year's levels.
Demand
The 30-day contract pace rose 4.3% this week to 720. However, overall demand is currently 6.0% lower than it was at this time in 2025.
New Listings
Sellers are beginning to ramp up strategically for the spring cycle, with 333 new listings hitting the market this week. This is a 24.7% increase from last week, though it still trails last year's pace by 1.5%.
Contracts Signed
Weekly deal volume came in light with 141 signed contracts, a 23.0% decrease from last week. This volume is also 32.5% lower than the same week last year.
Mortgage Rates
Rates showed mixed movement this week, with conforming rates edging up while jumbo rates declined.
30Y Conforming: 6.10% (+3 bps week-over-week)
30Y Jumbo: 6.23% (-8 bps week-over-week)
Chart of the Week: Manhattan Listing Success
This week's analysis focuses on listing success, measuring the percentage of listings that secured a signed contract within their first 30 days. December was a clear positive outlier, with success rates well above seasonal norms. January, however, fell below average, suggesting some year-end activity may have been pulled forward. The broader takeaway is that the market remains functional: well-priced listings continue to move quickly, while those with aspirational pricing are struggling.
Source: UrbanDigs
Week of 1/30/2026
Summary:
Manhattan's supply rose modestly this week to 5,212, continuing its slow seasonal build. While inventory remains tight at 5.5% below last year's already-low levels, the demand side is showing significant momentum. The 30-day contract pace rose to 690, a 14% gain week-over-week, while weekly signed contracts surged 19% to 183. Despite lighter-than-expected new listings due to cold weather, these figures suggest that buyers are beginning to stir as the spring ramp-up appears on the horizon.
Market Pulse: Seller’s Market
Latest Reading: +2.05 The Market Pulse for all properties in Manhattan remains in Seller's Market territory. While the reading is down 1.2 from last month, it remains +1 higher than this time last year.
Detailed View:
Supply
Manhattan supply increased 1.3% week-over-week to 5,212 homes. However, current inventory levels remain 5.9% lower than they were at this time last year.
Demand
The 30-day contract pace dipped 8.1% this week to 604, placing it 2.3% below last year's level. This dip is typical for a post-holiday "bottoming" phase.
New Listings
New listing activity saw a decline of 11.3% week-over-week, with 267 new properties coming to market. This volume is 4.3% lower than the same week last year, likely impacted by recent weather conditions.
Contracts Signed
Weekly deal volume climbed 18.8% to 183 signed contracts. This represents a 10.9% increase compared to the same period in 2025.
Mortgage Rates
Conforming rates edged slightly lower this week, while jumbo rates remained flat.
30Y Conforming: 6.07% (-3 bps week-over-week)
30Y Jumbo: 6.31% (Unchanged week-over-week))
Chart of the Week: Monthly Contract Activity
Seasonality is back in focus as we compare monthly deal volume to historical norms. While recent years were dominated by below-trend performance, three of the last four months have broken above the seasonal average, suggesting a shift in momentum. With activity building, February and March will be key test cases to see if 2026 can continue to outperform recent years.
Source: UrbanDigs
Week of 1/23/2026
Summary:
Manhattan’s market continues a slow but steady ramp-up as inventory finally moves back above the 5,000-listing threshold. While supply increased for the second consecutive week, it remains significantly tighter than historical norms, sitting roughly 5.4% below 2025 levels. Buyer sentiment showed a temporary cooling phase following the early January rebound, with contract activity softening 8% week-over-week as participants recalibrate for the anticipated spring rush.
Market Pulse: Seller’s Market
Latest Reading: +2.55 The Market Pulse remains in Seller's Market territory. While it has decreased 0.6 from last month, it is +1.4 higher than this time last year, reflecting a stronger seller tilt than the previous cycle.
Detailed View:
Supply
Manhattan inventory expanded to 5,143 listings, a 3.9% increase week-over-week. Despite this growth, structural tightness remains a theme, as supply is lower than each of the past five years at this same time.
Demand
The 30-day contract pace dipped 8.1% this week to 604, placing it 2.3% below last year's level. This dip is typical for a post-holiday "bottoming" phase.
New Listings
Sellers are gradually returning, with 301 new listings arriving this week—an 11.9% increase from last week. However, fresh volume remains 17.1% lower than the same week in 2025.
Contracts Signed
Weekly deal volume softened to 154 signed contracts, a 10.5% decrease from last week and a 21.8% decline compared to last year.
Mortgage Rates
Rates saw a slight uptick this week but remain significantly lower than early 2025.
30Y Conforming: 6.10% (+9 bps week-over-week)
30Y Jumbo: 6.31% (-4 bps week-over-week)
Chart of the Week: Co-op Maintenance - What to Expect in Manhattan?
Even in a tight-inventory market, pricing power remains limited for sellers. Over the last 90 days, roughly 40% of listings that went into contract required at least one price reduction.
Median Price Cut: 7.2%
Median Dollar Cut: $100,000
Year-over-Year Change: 1.4% higher than last year
Source: UrbanDigs
Week of 1/16/2026
Summary:
Manhattan's market is slowly ramping up after a quiet start to the year. Supply rose slightly this week but remains 7.2% below last year's levels. While new listings are arriving, January is lagging behind typical mid-month volume. On the demand side, weekly contract activity showed early signs of life, coming in 32.3% ahead of last year, though some of this may be attributed to holiday calendar noise. The true seasonal market lift is expected in the coming weeks.
Market Pulse: Seller’s Market
Latest Reading: +3 The Market Pulse has shifted firmly into Seller's Market territory, up 0.6 from last month and 1.7 from last year.
Detailed View:
Supply
Manhattan supply increased 1.1% week-over-week to 4,949 units. Despite the weekly rise, inventory remains tight and is 7.2% lower than this time in 2025.
Demand
Liquidity/Demand fell 8.2% this week to a reading of 657. However, current demand levels remain 7.7% higher than the same period last year.
New Listings
There were 269 new listings this week, a 3.5% increase from last week. Year-over-year, new listing volume is up 18.0%.
Contracts Signed
Weekly deal volume rose to 172 contracts, an 11.7% increase over last week. This represents a significant 32.3% surge compared to the same week last year.
Mortgage Rates
Both conforming and jumbo rates saw declines this week. The 30Y Conforming rate is 6.01% (-12 bps), while the 30Y Jumbo rate sits at 6.35% (-8 bps).
Chart of the Week: Co-op Maintenance - What to Expect in Manhattan?
Median maintenance fees in Manhattan rise significantly with unit size, but the increase is non-linear. Upgrading from a one-bedroom to a two-bedroom unit triggers a meaningful jump in monthly carrying costs, and for 4+ bedroom units, the median fee reaches $6,784. Buyers should be prepared for monthly fees to scale rapidly when looking at larger properties.
Source: UrbanDigs
Week of 9/23
Summary:
Both weekly new actives and new contract activity fell in Manhattan over the past week as we approach the mid way point of our Fall active season. Both metrics have been on an upswing since early September offering a glimmer of hope that the challenging listing environment and lethargic deal activity that defined summer months, may end.
With local policies and our shorter active season colliding at the same time, time will tell whether buyers or sellers have been waiting on the sidelines to pull the trigger
Market Pulse: Seller’s Market
Detailed View:
Supply
Manhattan supply increased .4% week-over-week.
Demand
Demand increased 3.9% week-over-week.
New Listings
New listings decreased 22.2% week-over-week.
Contracts Signed
The number of signed deals decreased 3.8% week-over-week.
Mortgage Rates
30Y Confirming decreased at 6.19% and 30Y Jumbo also decreased at 6.44% compared last week
Chart of the Week
Adding complexity to already mysterious marketplace is the knowledge gap between how sellers value previous renovations and buy side perceptions of what those improvements are worth in their minds. This so called "Renovation Decay" is a diffcult force to quantify due to the subjective nature of renovations and the quality of materials used. With that said, we did our best to research what impact time has on renovation money spent and created the decay chart you see below
Source: UrbanDigs
Week of 9/22
Summary:
Manhattan felt like it was in a holding pattern this week. Supply ticked higher, but the pace is starting to wane. Demand, as measured by the 30-day pace of contracts signed, rose over 800 in a nice display of seasonality.
At the weekly level, new listings jump up a bit while contracts signed slowed down. Both results likely due to the holiday period, which begs the question: once the Fall season is ready to run, how high can it go
Market Pulse: Seller’s Market
Detailed View:
Supply
Manhattan supply increased 1% week-over-week.
Demand
Demand increased 7% week-over-week.
New Listings
New listings increased 18.3% week-over-week.
Contracts Signed
The number of signed deals decreased 3.2% week-over-week.
Mortgage Rates
30Y Confirming increased at 6.30% and 30Y Jumbo also increased at 6.62% compared last week
Chart of the Week
This week we're looking at how the climate index and prices line up. As climate drops, prices tend to follow, but looking a bit deeper we see that the higher lows of the climate index recently hint at a market in slow recovery mode. Obviously, there are a lot of variables at play, but in general, the fall season could see this market building a base for the spring season.
Source: UrbanDigs
Week of 9/21
Summary:
The fall season in Manhattan is starting to take shape. Supply is up 1% on the week, but demand popped 10%, hewing close to 2024's line, which was, relatively speaking, a good fall season.
At the weekly level, supply is starting to ease, while contracts signed are beginning to pick up, despite this being a holiday-shortened week. Let's hope these good vibes continue!
Market Pulse: Seller’s Market
Detailed View:
Supply
Manhattan supply increased 1% week-over-week.
Demand
Demand increased 10.3% week-over-week.
New Listings
New listings decreased 17.6% week-over-week.
Contracts Signed
The number of signed deals increased 21.3% week-over-week.
Mortgage Rates
30Y Confirming decreased at 6.25% and 30Y Jumbo also increased at 6.59% compared last week
Chart of the Week
This week, we're looking at year-to-date cumulative supply and demand. Supply is having one of its busier years, while demand remains middling. The difference between the biggest demand year, 2021, and the lowest, 2020, represents an enormous amount of contracts.
By comparison, the difference between the largest and smallest supply years (2022 and 2013, respectively) isn't as significant. So, while supply is having a "busier" year, it remains more or less in balance with demand, which will hopefully kick into full fall mode soon.
Source: UrbanDigs
Week of 9/20
Summary:
Manhattan's housing supply is increasing seasonally and is approaching last year's levels. Demand, however, has not improved and is currently 1% below last year. With mortgage rates slightly rising after a recent Fed cut, the market is in a "holding pattern," leaving it uncertain whether sidelined buyers will enter the market.
Market Pulse: Seller’s Market
Detailed View:
Supply
Manhattan supply decreased 3.3% week-over-week.
Demand
Demand decreased .3% week-over-week.
New Listings
New listings decreased 22.9% week-over-week.
Contracts Signed
The number of signed deals decreased 9.2% week-over-week.
Mortgage Rates
30Y Confirming increased at 6.35% and 30Y Jumbo also increased at 6.54% compared last week
Chart of the Week
This week, we're taking a look at seasonality. Manhattan's seasons, while well defined and mostly uniform, do, however, show signs of individuality across neighborhoods. The key takeaway is that not all seasonal forces are equal; therefore, while fall might provide a bump, it can be strong or gentle, depending on the location, price, and other factors. Another reminder that all real estate is Local (with a capital L!)
Source: UrbanDigs
Week of 9/19
Summary:
The fall season is starting to look like a season, and listing volume remains heavy. However, we're starting to see demand pick up, at least on a weekly basis.
Hopefully, that will translate to overall liquidity next week. There are early signs that buyers are returning, perhaps with a tailwind from lower mortgage rates, even though they ticked up after the Fed cut. Tune into Macro Monday for more!
Market Pulse: Seller’s Market
Detailed View:
Supply
Manhattan supply increased 5.4% week-over-week.
Demand
Demand decreased 1.1% week-over-week.
New Listings
New listings decreased 2.5% week-over-week.
Contracts Signed
The number of signed deals increased 48.5% week-over-week.
Mortgage Rates
30Y Confirming stayed at 6.26% and 30Y Jumbo decreased at 6.51% compared last week
Chart of the Week
This week, we're taking a look at how much new inventory has hit the market this year versus last year, from September 1 to now. In Manhattan, new listings have been risen mainly in Downtown, while Midtown has actually seen fewer listings than last year at this time. While fall is typically a heavy listing season, it doesn't look like those listings are distributed as evenly as they could be. This could translate into leverage for buyers in some segments, so keep your eyes open.
Source: UrbanDigs
Week of 9/12
Summary:
The fall season is picking up, at least on the supply side, which rose 5% on the week, helped by weekly new listings rising 3% and staying over 500. Demand was lower, as expected, falling another 10% on the week overall and at the weekly level as it heads to its typical seasonal low. It will likely take a few weeks before we see a rebound. In the meantime, how 'bout those rates? The 30-year conforming is working its way to 6%... let's hope this trend continues and brings some buyers off the sidelines.
Market Pulse: Seller’s Market
Detailed View:
Supply
Demand
Demand decreased 10.6% week-over-week.
New Listings
New listings increased 3.3% week-over-week.
Contracts Signed
The number of signed deals decreased 10.8% week-over-week.
Mortgage Rates
30Y Confirming decreased at 6.25% and 30Y Jumbo stayed at 6.58% compared last week
Chart of the Week
Breaking down resale condo prices into luxury versus non-luxury illustrates the disparate trends we've seen between these two markets. Non-luxury prices have moved sideways over the last several years, while luxury prices have slowly worked their way higher.
Week of 9/05
Summary:
The fall season is starting to show momentum—at least on the supply side. Inventory rose 5% this week, supported by new listings climbing 3% and staying above the 500 mark.
Demand, however, moved lower as expected, falling about 10% both overall and weekly as it trends toward its seasonal low. A rebound will likely take a few more weeks.
The good news? Mortgage rates are slowly edging toward 6%. If this continues, it could be the spark that brings more buyers back into the market this fall.
Market Pulse: Seller’s Market
Detailed View:
Supply
Manhattan supply increased 5% week-over-week.
Demand
Demand decreased 11% week-over-week.
New Listings
New listings increased 3% week-over-week.
Contracts Signed
The number of signed deals decreased 11% week-over-week.
Mortgage Rates
Decreased 21 bps week-over-week
Source: UrbanDigs
Week of 9/08
Summary:
The fall season has officially begun, and as expected, new listings are hitting the market at a rapid pace. Supply is starting its seasonal rise, while demand will likely take a few weeks to catch up.
One encouraging sign for buyers: mortgage rates continue their gradual downtrend. If this holds, we could see renewed activity in the sub-$4M market and broader momentum across Manhattan this fall.
Excited to see how the season unfolds.
Market Pulse: Seller’s Market
Detailed View:
Supply
Manhattan supply increased 3% week-over-week.
Demand
Demand decreased 3% week-over-week.
New Listings
New listings increased 279% week-over-week.
Contracts Signed
The number of signed deals decreased 6% week-over-week.
Mortgage Rates
Decreased 5 bps week-over-week
Source: UrbanDigs
Week of 8/18
Summary:
It’s August, and the market remains quiet as we move toward Labor Day and the start of the fall listing season. Both supply and demand are holding steady with little movement week to week. The key factor to watch is mortgage rates, which continue to edge lower. If the trend holds, we could see rates closer to 6% rather than 7% this fall—welcome news for buyers.
Market Pulse: Neutral Market
Detailed View:
Supply
Manhattan supply decreased 3% week-over-week.
Demand
Demand decreased 2% week-over-week.
New Listings
New listings decreased 15% week-over-week.
Contracts Signed
The number of signed deals decreased 3% week-over-week.
Mortgage Rates
Decreased 2 bps week-over-week
Source: UrbanDigs
Week of 8/11
Summary:
It’s still August, so activity remains muted. Supply continued its seasonal decline at both the overall and weekly levels, while demand — measured by both 30-day and weekly contract signings — ticked up slightly. Perhaps buyers are taking note of the subtle downtrend in mortgage rates. Still, market dynamics remain firmly in seasonal mode.
Market Pulse: Seller’s Market
Detailed View:
Supply
Manhattan supply decreased 3% week-over-week.
Demand
Demand increased 2% week-over-week.
New Listings
New listings decreased 12% week-over-week.
Contracts Signed
The number of signed deals increased 11% week-over-week.
Mortgage Rates
Decreased 15 bps week-over-week
Source: UrbanDigs
Week of 8/04
Summary:
Somehow, it’s already August—and the market is responding accordingly. Supply continues its gradual summer decline but has now edged slightly above last year’s level, a subtle but notable shift.
Demand, measured by the 30-day pace of contract signings, also slowed this week. It’s still trending ahead of last year, though only marginally.
Weekly indicators reflect a seasonally quiet market. While inventory will likely rise after Labor Day, meaningful buyer activity may not return until October.
Market Pulse: Neutral Market
Detailed View:
Supply
Manhattan supply decreased 2% week-over-week.
Demand
Demand decreased 6% week-over-week.
New Listings
New listings decreased 14% week-over-week.
Contracts Signed
The number of signed deals decreased 8% week-over-week.
Mortgage Rates
Decreased 3 bps week-over-week
Source: UrbanDigs
Week of 7/28
Summary:
All key market indicators are trending downward—supply, demand, new listings, and contract activity—reflecting typical summer seasonality. While overall liquidity remains slightly higher than this time last year, the directional trend is moving lower.
For buyers, this could mean less competition and more negotiating power. For sellers, however, it may be a quieter stretch ahead as the market slows through the remainder of summer.
Market Pulse: Neutral Market
Detailed View:
Supply
Manhattan supply decreased 1% week-over-week.
Demand
Demand decreased 1% week-over-week.
New Listings
New listings decreased 17% week-over-week.
Contracts Signed
The number of signed deals decreased 5% week-over-week.
Mortgage Rates
Decreased 2 bps week-over-week
Source: UrbanDigs
Week of 7/21
Summary:
Summer seasonality is holding steady in Manhattan. Supply and liquidity continue to drift lower, while weekly new listings saw a small uptick—though they’re likely to trend down in the coming weeks.
Contract signings are holding their ground for now, but the outlook points to slower weeks ahead as the summer slowdown deepens.
Market Pulse: Neutral Market
Detailed View:
Supply
Manhattan supply decreased 2% week-over-week.
Demand
Demand decreased 5% week-over-week.
New Listings
New listings increased 1% week-over-week.
Contracts Signed
The number of signed deals increased 12% week-over-week.
Mortgage Rates
Increased 8 bps week-over-week
Source: UrbanDigs
Week of 7/14
Summary:
Summer patterns are in full swing. Supply continues to drift lower, while demand remains flat. Both weekly new listings and contracts signed saw a post-holiday bump but are expected to level off in the coming weeks.
Last summer, liquidity gave us an early glimpse of the fall market, but this year it’s still too soon to tell how things will shape up. For now, expect a steady, seasonal pace through the rest of summer.
Market Pulse: Neutral Market
Detailed View:
Supply
Manhattan supply decreased 1% week-over-week.
Demand
Demand increased 1% week-over-week.
New Listings
New listings increased 94% week-over-week.
Contracts Signed
The number of signed deals increased 4% week-over-week.
Mortgage Rates
Increased 2 bps week-over-week
Source: UrbanDigs
Week of 6/30
Summary:
Summer is still in full swing in Manhattan, and the market is behaving accordingly. Overall supply continues to trend downward, with weekly inventory nearing the seasonal low we typically see around July 4th.
On the demand side, both weekly and overall activity saw a modest uptick—likely the result of deals delayed by last week’s holiday. But with summer now in full effect, expect the usual seasonal slowdown to continue gradually in the weeks ahead.
Market Pulse: Buyer’s Market
Detailed View:
Supply
Manhattan supply decreased 1% week-over-week.
Demand
Demand increased 2% week-over-week.
New Listings
New listings decreased 13.5% week-over-week.
Contracts Signed
The number of signed deals increased 6.5% week-over-week.
Mortgage Rates
Decreased 13 bps week-over-week
Source: UrbanDigs
Week of 6/23
Summary:
Summer has officially arrived in Manhattan, and the market is starting to show it. Supply—both overall and weekly—continues to track right along seasonal norms. Overall demand is holding steady, with only a slight dip this week.
However, contract signings are beginning to taper off, signaling that the spring deal pipeline is starting to wind down. As the weather heats up and more buyers shift their focus to summer getaways, we can expect a slower, more relaxed pace in the weeks ahead—typical for this time of year.
Market Pulse: Buyer’s Market
Detailed View:
Supply
Manhattan supply decreased 1% week-over-week.
Demand
Demand decreased 0.4% week-over-week.
New Listings
New listings decreased 7.6% week-over-week.
Contracts Signed
The number of signed deals decreased 12.1% week-over-week.
Mortgage Rates
Increased 3 bps week-over-week
Source: UrbanDigs
Week of 6/16
Summary:
Despite the date, Friday the 13th brought no surprises to the Manhattan real estate market. Both overall and weekly supply remained in line with seasonal expectations, while overall demand edged higher. Weekly contract signings also rose for the second consecutive week, suggesting a continued, if modest, level of activity.
Rather than signaling the start of a new trend, this likely reflects the tail end of the spring season—contracts that began earlier in May now progressing beyond due diligence. As we transition into the summer months, we anticipate a more level pace in contract activity, consistent with historical seasonal patterns.
Overall, the market remains stable, with steady supply and sustained buyer interest helping to maintain balance as we move into the second half of the year.
Market Pulse: Buyer’s Market
Detailed View:
Supply
Manhattan supply decreased 0.4% week-over-week.
Demand
Demand increased 0.6% week-over-week.
New Listings
New listings decreased 0.9% week-over-week.
Contracts Signed
The number of signed deals increased 8.4% week-over-week.
Mortgage Rates
Decreased 3 bps week-over-week
Source: UrbanDigs
Week of 6/9
Summary:
As Manhattan enters June, signs of the slower summer season are emerging. Supply likely peaked last week, and liquidity is trending downward. New listings are expected to gradually decline in the coming weeks. While weekly deal volume climbed back above 200, it remains in line with 2023–24 levels—falling short of early spring expectations.
Market Pulse: Buyer’s Market
Detailed View:
Supply
Manhattan supply decreased 0.7% week-over-week.
Demand
Demand decreased 3.5% week-over-week.
New Listings
New listings decreased 14.5% week-over-week.
Contracts Signed
The number of signed deals increased 14% week-over-week.
Mortgage Rates
Decreased 6 bps week-over-week
Source: UrbanDigs
Week of 6/2
Summary:
As spring winds down and summer approaches, supply remains on its seasonal track, both overall and weekly. Liquidity is flat, and weekly contract signings have dipped. With May wrapping up, the typical late-spring bump has yet to materialize. Despite April's volatility fading, hopes for an extended spring season may be optimistic—the market continues to underperform.
Market Pulse: Currently a Buyer’s Market
Detailed View:
Supply
Manhattan supply was flat week-over-week.
Demand
Demand decreased 4% week-over-week.
New Listings
New listings increased 16% week-over-week.
Contracts Signed
The number of signed deals decreased 15% week-over-week.
Mortgage Rates
Decreased 5 bps week-over-week
Source: UrbanDigs
Week of 5/26
Summary:
As Memorial Day weekend approaches, Manhattan activity has cooled. New listings have slowed, suggesting supply may have hit its seasonal peak. Liquidity rose with the release of early-to-mid April data, but with mortgage rates climbing and summer on the horizon, the spring market is clearly winding down.
Market Pulse: Currently a Buyer’s Market
Detailed View:
Supply
Manhattan supply increased 1% week-over-week.
Demand
Demand increased 2% week-over-week.
New Listings
New listings decreased 24% week-over-week.
Contracts Signed
The number of signed deals increased 2% week-over-week.
Mortgage Rates
Increased 6 bps week-over-week
Source: UrbanDigs
Week of 5/19
Summary:
Both overall demand and weekly contract activity ticked down. Supply continued its steady climb. After a strong start, 2025 demand has faded from leading recent years to merely keeping pace, as bursts of activity in March and late April/early May failed to sustain momentum. With Moody’s downgrade of U.S. debt adding to uncertainty, a late-season surge in deals seems increasingly unlikely.
Market Pulse: Currently a buyer’s Market
Detailed View:
Supply
Manhattan supply increased 1% week-over-week.
Demand
Demand decreased 1.5% week-over-week.
New Listings
New listings increased 15.8% week-over-week.
Contracts Signed
The number of signed deals decreased 16% week-over-week.
Mortgage Rates
Increased 8 bps week-over-week
Source: UrbanDigs
Week of 5/12
Summary:
This week, Manhattan looks to be picking up into May, which would be seasonally appropriate, as May tends to have slightly more deal volume than April. We also got our first glimpse that the listing season may be drawing to a close. At the same time, buyers signed 273 deals over the week, the third highest print of the year, suggesting demand remains on track, even as mortgage rates ticked back up.
Market Pulse: Currently a Neutral Market
Detailed View:
Supply
Manhattan supply increased 1% week-over-week.
Demand
Demand was flat week-over-week.
New Listings
New listings decreased 24% week-over-week.
Contracts Signed
The number of signed deals increased 7% week-over-week.
Mortgage Rates
Increased 7 bps week-over-week
Source: UrbanDigs
Week of 5/5
Summary:
This week, Manhattan real estate returned to typical spring form. Supply rose in line with seasonal trends, and while demand softened, contract signings rebounded above 255—indicating more deals are being made than withdrawn. With new listings at expected levels, recent stock market volatility may end up having only a limited impact.
Market Pulse: Currently a Neutral Market
Detailed View:
Supply
Manhattan supply increased 2.4% week-over-week.
Demand
Demand decreased 1% week-over-week.
New Listings
New listings increased 5% week-over-week.
Contracts Signed
The number of signed deals increased 24% week-over-week.
Mortgage Rates
Decreased 6 bps week-over-week
Source: UrbanDigs
Week of 4/28
Summary:
As April wraps up, Manhattan supply rose 2.6% while demand slipped 6.5%. Coming off a holiday week, the dip in demand isn’t shocking, but it raises the question: is this the start of macroeconomic uncertainty impacting the market? The next few weeks will be key as the spring season winds down.
Market Pulse: Currently a Neutral Market
Detailed View:
Supply
Manhattan supply increased 2.6% week-over-week.
Demand
Demand decreased 6.5% week-over-week.
New Listings
New listings increased 27.7% week-over-week.
Contracts Signed
The number of signed deals decreased 16.9% week-over-week.
Mortgage Rates
Increased 7% week-over-week
Source: UrbanDigs
Week of 4/21
Summary:
Manhattan supply rose slightly by 0.5%, indicating a slowdown in inventory growth, while new listings fell 26% due to the holiday week. Demand dipped 1% but remains above seasonal norms. Meanwhile, contracts signed increased, signaling steady buyer interest despite recent market volatility. The key question now: how many of these deals were initiated before the turbulence—and how many will follow after?
Market Pulse: Currently a Neutral Market
Detailed View:
Supply
Manhattan supply was flat week-over-week
Demand
Demand was flat week-over-week
New Listings
New listings decreased 26% week-over-week
Contracts Signed
The number of signed deals increased 6% week-over-week
Mortgage Rates
Increased 7% week-over-week
Source: UrbanDigs
Week of 4/14
Summary:
This week brought the first signs that Manhattan may be feeling the effects of broader macroeconomic volatility. While supply remained on trend, demand dipped, with a notable 17% drop in weekly contracts signed. Some slowdown is typical in April, but combined with rising mortgage rates and a declining stock market, it hints at possible transactional turbulence ahead.
Market Pulse: Currently a Neutral Market
Detailed View:
Supply
Manhattan supply increased 2.2% week-over-week
Demand
Demand was flat week-over-week
New Listings
New listings decreased 5.7% week-over-week
Contracts Signed
The number of signed deals decreased 17% week-over-week
Mortgage Rates
Increased 7% week-over-week
Source: UrbanDigs
Week of 4/07
Summary:
Despite some macroeconomic headwinds, Manhattan had a strong week. New listings and supply are tracking seasonal norms, but the standout was deal volume—281 contracts signed pushed the 30-day pace to its highest since 2022. With the 10-year yield dipping below 4%, falling mortgage rates could draw even more buyers into the market.
Market Pulse: Currently a Neutral Market
Detailed View:
Supply
Manhattan supply increased 1.6% week-over-week
Demand
Demand is up 2.9% week-over-week
New Listings
New listings increased 19.7% week-over-week
Contracts Signed
The number of signed deals increased 6% week-over-week
Source: UrbanDigs
Week of 3/31
Summary:
Manhattan had another seasonally on-trend week, with supply rising as expected and demand reaching its highest level for this week since 2019 (excluding 2021 and 2022). While new listings and contracts dipped slightly, the overall spring season is shaping up to be one of the strongest in recent years.
Market Pulse: Currently a Neutral Market
Detailed View:
Supply
Manhattan supply increased 2.6% week-over-week
Demand
Demand is up 4.3% week-over-week
New Listings
New listings decreased 16% week-over-week
Contracts Signed
The number of signed deals decreased 6.7% week-over-week
Source: UrbanDigs
Week of 3/24
Summary:
After last week’s fluctuations, Manhattan returned to form with supply and demand rising as expected. New listings dipped slightly but stayed on trend, while contracts signed hit their highest weekly total since May 2023. Looking ahead, listings should hold steady, and as long as contract activity remains strong, market equilibrium should continue.
Market Pulse: Currently a Neutral Market
Detailed View:
Supply
Manhattan supply increased 3.6% week-over-week
Demand
Demand is up 11.7% week-over-week
New Listings
New listings decreased 3.2% week-over-week
Contracts Signed
The number of signed deals increased 18.3% week-over-week
Source: UrbanDigs
Week of 3/17
Summary:
This week saw a nearly 5% jump in supply—the largest spring increase so far, more typical of fall. Meanwhile, demand slowed. While one week doesn’t make a trend, it’s worth watching whether this signals a shift toward higher supply and lower activity.
Market Pulse: Currently a Neutral Market
Detailed View:
Supply
Manhattan supply increased 4.6% week-over-week
Demand
Demand is up 1% week-over-week
New Listings
New listings increased 13.5% week-over-week
Contracts Signed
The number of signed deals decreased 3% week-over-week
Source: UrbanDigs
Week of 3/10
Summary:
With March here, the spring market is in full swing, reflected in rising supply and demand. While demand still outpaces supply, a 28% surge in new listings signals that fresh inventory may be on the way.
Market Pulse: Currently a Neutral Market
Detailed View:
Supply
Manhattan supply increased 1.7% week-over-week
Demand
Demand is up 6.9% week-over-week
New Listings
New listings increased 28.1% week-over-week
Contracts Signed
The number of signed deals decreased 11.7% week-over-week
Source: UrbanDigs
Week of 3/03
Summary:
Supply, demand, new listings, and contracts all rose this week ahead of peak spring activity. However, demand outpaced supply at both weekly and overall levels. Typically, supply increases first, followed by contracts, but this year, demand is leading—potentially making the market more competitive for buyers than expected.
Market Pulse: Currently a Seller’s Market
Detailed View:
Supply
Manhattan supply increased 2.2% week-over-week
Demand
Demand is up 5.7% week-over-week
New Listings
New listings increased 4.2% week-over-week
Contracts Signed
The number of signed deals decreased 18.7% week-over-week
Source: UrbanDigs
Week of 2/24
Summary:
Supply and demand rose after the holiday week, though only new listings increased weekly. Contracts signed dipped slightly, as expected, highlighting that while demand is improving ahead of spring, it remains steady rather than record-breaking.
Market Pulse: Currently a Seller’s Market
Detailed View:
Supply
Manhattan supply increased 1.5% week-over-week
Demand
Demand is up 5.6% week-over-week
New Listings
New listings increased 11% week-over-week
Contracts Signed
The number of signed deals decreased 12% week-over-week
Source: UrbanDigs
Week of 2/17
Summary:
Manhattan's market remains on track, with demand rising slightly faster than supply. Though both are minimal, continued growth could tighten conditions for buyers as activity increases. Mortgage rates are below recent highs, but volatility complicates trend forecasting.
Market Pulse: Currently a Seller’s Market
Detailed View:
Supply
Manhattan supply stayed flat week-over-week
Demand
Demand is up 4% week-over-week
New Listings
New listings decreased 5% week-over-week
Contracts Signed
The number of signed deals increased 2% week-over-week
Source: UrbanDigs
Week of 2/10
Summary:
Manhattan's market trends remained consistent this week, with supply still below historical levels but gradually increasing. Demand is also showing early signs of acceleration, indicating positive momentum as spring approaches. Additionally, the gradual decline in mortgage rates presents a potential catalyst worth monitoring.
Market Pulse: Currently a Seller’s Market
Detailed View:
Supply
Manhattan supply stayed flat week-over-week
Demand
Demand is up 12% week-over-week
New Listings
New listings increased 21% week-over-week
Contracts Signed
The number of signed deals increased 27% week-over-week
Source: UrbanDigs
Week of 2/03
Summary:
Manhattan's supply and demand are steadily improving ahead of spring. Weekly volatility will persist until seasonal trends align more clearly. Meanwhile, mortgage rates have dipped below 7%, potentially aiding finance-dependent units in attracting buyers.
Market Pulse: Currently a Seller’s Market
Detailed View:
Supply
Manhattan supply increased 2%
Demand
Demand is up 10%
New Listings
New listings decreased 23%
Contracts Signed
The number of signed deals decreased 16%
Source: UrbanDigs
Week of 1/27
Summary:
Last week, we saw a positive shift in both supply and demand as the market begins its slow build-up to the spring season. Mortgage rates seem to have stabilized, and the number of contracts signed continues to outpace last year’s figures, fueling hope that the momentum we saw in the fall is starting to make a comeback. While it’s still early in the year, the next few weeks should offer more clarity on where the market is heading.
Market Pulse: Currently a Seller’s Market
Detailed View:
Supply
Manhattan supply increased 2%
Demand
Demand is up 1.3%
New Listings
New listings increased 59%
Contracts Signed
The number of signed deals increased 51.5%
Source: UrbanDigs
Week of 1/20
Summary:
As we enter the winter season, we're seeing slower activity in both supply and demand. While listing volume should gradually increase over the coming weeks, overall supply is expected to remain subdued until March. Demand will likely begin to rise as spring approaches, though with interest rates still around 7%, the non-luxury market may take longer to regain its usual seasonal momentum.
Market Pulse: Currently a Seller’s Market
Detailed View:
Supply
Manhattan supply increases 1.2%
Demand
Demand is down 12.1%
New Listings
New listings decreased 26.5%
Contracts Signed
The number of signed deals decreased 19.8%
Source: UrbanDigs
Week of 1/13
Summary:
The first full week of the year saw typical, low seasonal activity. The dip in supply from December to January was the highest in over 10 years and adds an added complication to both buyers and sellers who are active in the market today. With rate cuts on pause for several months and mortgage rates staying higher for longer, the spring season is beginning with a question mark.
Market Pulse: Currently a Seller’s Market
Detailed View:
Supply
Manhattan supply increases 2.5%
Demand
Demand is down 7%
New Listings
The number of weekly new listings increased 319% with the start of the new year.
Contracts Signed
The number of signed deals increased 54%.
Source: UrbanDigs
Week of 12/23
Summary:
Supply
Another 4.6% drop
Liquidity
Ticked down a scant 1%
Weekly New Listings
Down 29%
Weekly Contracts Signed
Unchanged from last week
Market Pulse: Currently a Seller’s Market
Detailed View:
Supply
Manhattan supply drops another 4.6% as the year draws to a close.
Demand
The overall pace of liquidity decreased by a slight1% given the time of year.
New Listings
The number of weekly new listings fell 29% - no surprises here.
Contracts Signed
The number of signed deals stayed the same over the year - a strong ending to a strong quarter
Source: UrbanDigs
Week of 12/16
Summary:
Supply
Another 3% drop
Liquidity
Ticked up 1%
Trend staying high despite seasonal gravity
Weekly New Listings
Down 13%
Weekly Contracts Signed
Surged 28% from prior week
Market Pulse: Currently a Seller’s Market
Detailed View:
Supply
Manhattan supply drops another 3% as it cools down for winter.
Demand
The overall pace of liquidity increased by 1% and ticked back above 2020's pace.
New Listings
The number of weekly new listings fell 13% - no surprises here.
Contracts Signed
The number of signed deals rose 28%, likely due to a backlog of deals, but the addition of deal volume keeps the recovery trend in place.
Source: UrbanDigs
Week of 12/09
Summary:
Supply
Another 2% drop
Liquidity
Fell by 4%
Weekly New Listings
Rebounded 111% from quiet Thanksgiving week
Weekly Contracts Signed
Rebounded 111% from quiet Thanksgiving week
Market Pulse: Currently a Seller’s Market
Detailed View:
Supply
Manhattan supply drops another 2% as it continues its winter wind down.
Demand
The overall pace of liquidity decreased by 4% during the post-Thanksgiving week and fell below 2023's weekly level for the first time since August.
New Listings
The number of weekly new listings rebounded after the holiday week, but the winter down trend is in place.
Contracts Signed
The number of signed deals fell 9% on the week with no post-holiday bump, suggesting a glimpse of market weakness.
Source: UrbanDigs
Week of 11/25
Summary:
Supply
2% drop
Slowly winding down into winter
Liquidity
6% lower on the week
Weekly New Listings
Down 16%
Weekly Contracts Signed
Up 5% on the week
Market Pulse: Currently a Seller’s Market
Detailed View:
Supply
Brooklyn supply ticked slipped another 2% as fall fades to winter.
Demand
Liquidity ticked down nearly 6%, as the fall season starts rolling over into winter.
New Listings
New listings fell by 16%, with quieter weeks on tap.
Contracts Signed
Deal volume increased 5% on the week but the depth of decline this fall has been muted compared to the last couple years
Source: UrbanDigs
Week of 11/18
Summary:
Supply
Small 0.5% drop
Liquidity
1% lower on the week
First down week since Oct 1
Weekly New Listings
Down 14%
Weekly Contracts Signed
Fell 11% over the week
Detailed View:
Supply
Brooklyn supply ticked slipped 0.5% lower as it works its way down until spring.
Demand
Liquidity ticked down 1%, ending the string of up weeks that began in late September.
New Listings
New listings fell by 14%, with quieter weeks on tap.
Contracts Signed
Deal volume dropped 11% over the week and while the near term uptrend is still in play, the end-ofseason writing is on the wall.
Source: UrbanDigs
Week of 11/11
Summary:
Supply
Declines 2%
Liquidity
Liquidity (30-day contracts signed) ticked up 1%
Weekly New Listings
New listings rose 43%
Weekly Contracts Signed
Rose 14% on the week
Detailed View:
Supply
Brooklyn supply ticked ticked down a bit over 2% as it slowly winds down until spring.
Demand
Liquidity rose another 1% to set a new high water mark for the year, but the pace looks to be slowing
New Listings
New listings rose by 43%, somewhat evening out the steep drop last week, but the slowing trend remains in place
Contracts Signed
The level of weekly signed deals rose 14% and climbed back above 150 as the “Brooklyn’s Back” trend gains momentum.
Source: UrbanDigs