Manhattan Luxury:
The Month · June 2026
This report reads one month of Manhattan luxury signed-contract activity against its own recent history. The Week tracks the latest deals. The Quarter sets the longer trend. This page shows whether that trend is starting to shift.
The Month in One Read
Cutoffs are the price a contract must clear to sit in each tier. They are recalculated from the trailing record, so a rising cutoff means the whole field moved up, not that any single deal did.
Top Deals of the Month
The month's highest signed-contract prices across Manhattan.
June's luxury contract count softened against its own recent months even as dollar volume held steady.
Momentum
Each measure below is plotted for the last thirteen months. A reading holding above its own recent months is acceleration. A reading falling back toward or below them is a bounce inside a slower stretch.
Three tiers, five ways to read them.
Choose a metric to redraw the chart. Hover a point for the exact reading.
Line chart of monthly contracts by luxury tier covering 13 periods from Jun '25 to Jun '26. Luxury (Top 10%) falls from 57 in Jun '25 to 53 in Jun '26, down 7.0 percent, peaking at 64 in Mar '26 and bottoming at 35 in Sep '25. Prime (Top 5%) falls from 46 in Jun '25 to 33 in Jun '26, down 28 percent, peaking at 51 in Apr '26 and bottoming at 18 in Aug '25. Trophy (Top 1%) rises from 8 in Jun '25 to 10 in Jun '26, up 25 percent, peaking at 19 in Oct '25 and bottoming at 4 in Jul '25.
The Luxury Lines
Three tiers defined by the trailing 12 months (TTM) of actual Manhattan signed contracts. Entry prices update monthly as new data enters the window.
Trailing 12-month detail
Trailing 12-month detail
Trailing 12-month detail
Manhattan Market Pulse
Market Pulse history is not available for this month.
Contracts and Volume by Unit Size
Where activity concentrates this month: by bedroom count, both by number of deals and total dollar volume.
Donut chart of dollar volume by unit size across 5 categories totalling $2.47B. Largest is 4+ Beds at $737M, 30 percent of the total. Smallest is Studio at $73M, 3 percent. Full breakdown: 4+ Beds $737M, 30 percent; 2-Bed $721M, 29 percent; 3-Bed $540M, 22 percent; 1-Bed $399M, 16 percent; Studio $73M, 3 percent.
Donut chart of contracts signed by unit size across 5 categories totalling 1,080. Largest is 1-Bed at 383, 35 percent of the total. Smallest is 4+ Beds at 75, 7 percent. Full breakdown: 1-Bed 383, 35 percent; 2-Bed 357, 33 percent; 3-Bed 138, 13 percent; Studio 127, 12 percent; 4+ Beds 75, 7 percent.
Supply and Absorption
Months of supply is the count of active listings divided by the monthly contract pace. It answers how long the current inventory would last if demand held steady. Absorption is the share of that inventory that went to contract during the month.
| Segment | Active listings | Contracts signed | Months of supply | Absorption |
|---|---|---|---|---|
| All Residential | 6,022 | 1,040 | 5.8 | 17.3% |
| Luxury (Top 10%) | 991 | 97 | 10.2 | 9.8% |
Three views of June's neighborhood activity: largest by dollar volume, most concentrated by luxury share, and this month's own most active submarkets.
Neighborhoods
Three views of the same neighborhood data. Largest Luxury Markets ranks by trailing 12-month (TTM) dollar volume. Most Concentrated ranks by trailing 12-month (TTM) luxury share among neighborhoods with at least 11 qualifying contracts. June 2026's Activity ranks by the month's own signed contracts and cross-tags each row against the other two views.
Most Concentrated
TTM % Lux · min. 11 qualifying deals · updates monthly| Rank | Neighborhood | % Lux |
|---|---|---|
| 1 | tribeca · n=85 | |
| 2 | soho · n=62 | |
| 3 | west chelsea · n=52 | |
| 4 | hudson yards · n=20 | |
| 5 | west village · n=63 | |
| 6 | nomad · n=18 | |
| 7 | upper east side · n=147 | |
| 8 | flatiron · n=31 | |
| 9 | carnegie hill · n=53 | |
| 10 | midtown · n=66 |
Where luxury deals make up the biggest share of local sales.
Largest Luxury Markets
TTM $ Volume · updates monthly| Rank | Neighborhood | Luxury $ Vol |
|---|---|---|
| 1 | upper east side | $1.81B |
| 2 | west village | $1.07B |
| 3 | upper west side | $955.8M |
| 4 | midtown | $928.4M |
| 5 | lenox hill | $922.3M |
| 6 | lincoln square | $859.6M |
| 7 | tribeca | $727.6M |
| 8 | greenwich village | $573.7M |
| 9 | west chelsea | $518.2M |
| 10 | soho | $490.8M |
Where the luxury business is largest, measured by total dollar volume.
June 2026's Activity
Signed contracts · June 2026| Rank | Neighborhood | Signed | Volume |
|---|---|---|---|
| 1 | carnegie hill | 10 | $82.7M |
| 2 | upper east side | 9 | $94.2M |
| 3 | upper west side | 8 | $49.2M |
| 4 | soho | 7 | $81.0M |
| 5 | greenwich village | 7 | $61.7M |
| 6 | midtown | 6 | $71.9M |
| 7 | lenox hill | 6 | $65.6M |
| 8 | west chelsea | 6 | $62.9M |
| 9 | lincoln square | 5 | $111.6M |
| 10 | west village | 4 | $107.4M |
June 2026's most active neighborhoods by signed contracts, ranked 1 to 10.
| TTM baseline | |||||||
|---|---|---|---|---|---|---|---|
| Volume Rank | Neighborhood | Luxury Dollar Volume | Contracts | Nbhd Median | Avg Sale | % Lux (Intensity Rank) | Volume Rank vs. 1yr Ago |
| 1 | upper east side | $1.81B | 147 | $9,573,333 | $12,296,898 | 18.6% (#5) | ◆ |
| 2 | west village | $1.07B | 63 | $10,250,000 | $17,045,857 | 20.8% (#4) | ◆ |
| 3 | upper west side | $955.8M | 122 | $6,575,000 | $7,834,717 | 10.9% (#9) | ▲ 1 |
| 4 | midtown | $928.4M | 66 | $8,995,000 | $14,066,348 | 16.3% (#6) | ▲ 1 |
| 5 | lenox hill | $922.3M | 84 | $7,187,500 | $10,979,524 | 11.4% (#8) | ▲ 2 |
| 6 | lincoln square | $859.6M | 73 | $7,471,250 | $11,775,068 | 10.3% (#10) | ▼ 3 |
| 7 | tribeca | $727.6M | 85 | $6,500,000 | $8,559,482 | 34.0% (#1) | ▼ 1 |
| 8 | greenwich village | $573.7M | 55 | $7,471,250 | $10,430,182 | 12.0% (#7) | ▲ 2 |
| 9 | west chelsea | $518.2M | 52 | $7,995,000 | $9,965,750 | 24.3% (#3) | ▼ 1 |
| 10 | soho | $490.8M | 62 | $6,497,500 | $7,915,607 | 31.0% (#2) | ▲ 1 |
Rows are ordered by trailing 12-month luxury dollar volume, so the number at the left is the volume rank. The figure in parentheses beside % Lux is the intensity rank: where the neighborhood places on luxury share of local sales. The last column shows how the volume rank has moved against the same month a year ago.
What This Means
Reading the month
June's 96 luxury contracts sit about 12% below the trailing three month average (110) but about 5% above the trailing twelve month average (92), and 13.5% below June a year ago. Dollar volume rose 1.5% month over month despite the lower count, so the average luxury deal size rose about 15% from May to June (from $9.2M to $10.6M). Read that as a shift toward fewer, larger deals rather than a broad slowdown. Trophy tier count (10 contracts) sits 20% above its trailing three month average and trophy volume roughly doubled month over month, but on a base of 10 deals; treat that swing as directional, not confirmed, until a second month agrees.
Recommendation. Watch whether July's luxury count moves back toward the twelve month average (92) or confirms June's softer three-month trend before reading June as a genuine inflection.
Open item. The chart series remains a 12-month window this run, not the 13 months intended in today's revision. Reason: the by_type sub-series (condo/coop/townhouse) is sourced from monthly-contract-stats, which does not honor end_date and always ends at the current in-progress month, giving 2025-07-2026-07. The properly end_date-anchored luxury series (from luxury-contract-stats) covers 2025-06-2026-06. These two 13-month windows only overlap in 12 months (2025-07-2026-06), so shipping a true 13-month series would require either dropping the property-type chart or misaligning chart labels against data - both rejected per SKILL.md's own instruction to use the intersection and flag rather than force it. Needs a decision: drop by_type in favor of 13 months everywhere else, or accept 12 months as the standing limit until Marketproof exposes an end_date-honoring version of monthly-contract-stats.
Method and Notes
Figures cover signed contracts recorded between June 1, 2026 and June 30, 2026 in Manhattan. Tier cutoffs are percentile thresholds recalculated from the trailing record, so they move with the market rather than being set by hand.
Any figure drawn from fewer than 5 transactions carries a small-sample note beside it. Read those figures as directional.
Abbreviations
- DOF
- Department of Finance, the New York City agency that assesses property value for tax purposes.
- PPSF
- Price per square foot.
- DOM
- Days on market, the time from listing to signed contract.
- MoM
- Month over month, this month compared with the month before it.
- YoY
- Year over year, this month compared with the same month one year earlier.