Manhattan Luxury:
The Month · September 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.
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 2025-09 to 2026-09. Luxury (Top 10%) falls from 26 in 2025-09 to 24 in 2026-09, down 7.7 percent, peaking at 58 in 2026-03 and bottoming at 22 in 2026-08. Prime (Top 5%) falls from 27 in 2025-09 to 22 in 2026-09, down 19 percent, peaking at 51 in 2026-02 and bottoming at 17 in 2026-07. Trophy (Top 1%) falls from 6 in 2025-09 to 5 in 2026-09, down 17 percent, peaking at 19 in 2025-10 and bottoming at 5 in 2026-07.
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
Four segments, six ways to read them.
Choose a metric to redraw the chart. Hover a point for the exact reading.
Line chart of monthly signed contracts by segment covering 13 periods from Sep '25 to Sep '26. All Manhattan falls from 732 in Sep '25 to 553 in Sep '26, down 24 percent, peaking at 1,083 in Jun '26. Condos falls from 341 in Sep '25 to 247 in Sep '26, down 28 percent, peaking at 475 in Oct '25. Co-ops falls from 386 in Sep '25 to 298 in Sep '26, down 23 percent, peaking at 609 in Jun '26. Townhouses rises from 5 in Sep '25 to 8 in Sep '26, up 60 percent, peaking at 26 in Feb '26.
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 $1.27B. Largest is 4+ Beds at $409M, 32 percent of the total. Smallest is Studio at $38M, 3 percent. Full breakdown: 4+ Beds $409M, 32 percent; 3-Bed $324M, 25 percent; 2-Bed $305M, 24 percent; 1-Bed $198M, 16 percent; Studio $38M, 3 percent.
Donut chart of contracts signed by unit size across 5 categories totalling 553. Largest is 1-Bed at 208, 38 percent of the total. Smallest is 4+ Beds at 49, 9 percent. Full breakdown: 1-Bed 208, 38 percent; 2-Bed 144, 26 percent; 3-Bed 85, 15 percent; Studio 67, 12 percent; 4+ Beds 49, 9 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 | 6,349 | 553 | 11.5 | 8.7% |
| Luxury (Top 10%) | 981 | 51 | 19.2 | 5.2% |
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. September 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=73 | |
| 2 | soho · n=54 | |
| 3 | west chelsea · n=54 | |
| 4 | west village · n=61 | |
| 5 | flatiron · n=34 | |
| 6 | upper east side · n=132 | |
| 7 | nomad · n=18 | |
| 8 | carnegie hill · n=47 | |
| 9 | midtown · n=61 | |
| 10 | lenox hill · n=86 |
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 | $1.66B |
| 2 | west village | $958.5M |
| 3 | lenox hill | $931.0M |
| 4 | midtown | $930.2M |
| 5 | upper west side | $902.7M |
| 6 | lincoln square | $805.8M |
| 7 | tribeca | $640.5M |
| 8 | greenwich village | $543.1M |
| 9 | west chelsea | $542.7M |
| 10 | flatiron | $496.9M |
Where the luxury business is largest, measured by total dollar volume.
September 2026's Activity
Signed contracts · September 2026| Rank | Neighborhood | Signed | Volume |
|---|---|---|---|
| 1 | tribeca | 7 | $91.9M |
| 2 | lenox hill | 7 | $71.1M |
| 3 | upper west side | 4 | $45.5M |
| 4 | chelsea | 4 | $38.6M |
| 5 | midtown | 4 | $35.4M |
| 6 | west village | 3 | $34.2M |
| 7 | greenwich village | 3 | $29.7M |
| 8 | soho | 3 | $21.9M |
| 9 | lincoln square | 3 | $20.3M |
| 10 | flatiron | 2 | $33.5M |
September 2026's most active neighborhoods by signed contracts, ranked 1 to 10. Names marked with an asterisk do not appear on either trailing 12-month board, so this month is a step up from their usual level of activity.
| 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 | $1.66B | 132 | $9,682,083 | $12,587,682 | 17.2% (#5) | ◆ |
| 2 | west village | $958.5M | 61 | $10,216,875 | $15,713,607 | 21.0% (#3) | ◆ |
| 3 | lenox hill | $931.0M | 86 | $7,500,000 | $10,825,674 | 11.8% (#7) | ◆ |
| 4 | midtown | $930.2M | 61 | $9,648,750 | $15,248,852 | 15.0% (#6) | ◆ |
| 5 | upper west side | $902.7M | 111 | $6,682,813 | $8,132,797 | 9.8% (#9) | ▼ 2 |
| 6 | lincoln square | $805.8M | 67 | $7,471,250 | $12,026,791 | 9.7% (#10) | ▼ 3 |
| 7 | tribeca | $640.5M | 73 | $6,928,750 | $8,774,329 | 30.0% (#1) | ▲ 2 |
| 8 | greenwich village | $543.1M | 49 | $8,995,000 | $11,083,776 | 11.3% (#8) | ▲ 3 |
| 9 | west chelsea | $542.7M | 54 | $8,250,000 | $10,050,722 | 25.4% (#2) | ▲ 1 |
| 10 | flatiron | $496.9M | 34 | $11,750,000 | $14,614,824 | 18.6% (#4) | ▲ 12 |
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
The month's figures sit in the tables above. Where a measure clears both its three month and twelve month average, treat it as signal. Where it clears only one, treat it as noise until a second month agrees.
Method and Notes
Figures cover signed contracts recorded between September 1, 2026 and September 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.
Provisional - there can be some recording lag, so the current month may revise upward.
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.