After a 19% jump in Q1 2025, recorded sales gave back some volume in Q1 2026 while prices held.
Manhattan recorded 2,741 sales in Q1 2026, 4% fewer than Q1 2025, with monthly medians averaging about $1.21 million. That held the price level from a year earlier, when 2,859 sales (a 19% jump from 2,399 in Q1 2024) closed at about $1.12 million versus $1.01 million. All figures are StreetEasy recorded-sale data. Having sold across Manhattan for 25+ years, I read days on market before price, and that number fell by about 40% inside both quarters.
| Manhattan metric | Q1 2025 | Q1 2026 |
|---|---|---|
| Recorded sales | 2,859 (+19% vs Q1 2024) | 2,741 (-4% vs Q1 2025) |
| Median sale price, monthly | $1.12M, $1.15M, $1.10M | $1.25M, $1.22M, $1.16M |
| Active inventory, Jan to Mar | 7,386 to 8,711 | 7,184 to 8,182 |
| Median days on market, Jan to Mar | 114 to 71 | 106 to 63 |
| Condo median, Jan to Mar | $1.60M, $1.69M, $1.69M | $1.85M, $1.65M, $1.55M |
| Co-op median, Jan to Mar | $810K, $894K, $768K | $750K, $885K, $865K |
Source: StreetEasy Data Dashboard, Manhattan, monthly figures. Quarterly sales are the sum of three months; medians are monthly.
The 19% rise came off a thin Q1 2024 (818, 719, and 862 sales by month). Q1 2025 ran 991, 898, and 970. Q1 2026 ran 949, 783, and 1,009, with February the weakest month of the 16 months through April 2026 and March the strongest month of the quarter.
Manhattan's monthly medians in Q1 2024 were $1,030,000, $995,000, and $999,999, so the Q1 2025 figure of about $1.12 million was an 11% step up, and Q1 2026 added another 7.6%. Median sale price counts only recorded closings, so it lags the asking market and can swing when a handful of high-priced condo sales land in the same month.
Current inventory across Manhattan neighborhoods
141 E 3RD Street #4B
East Village
1016 5TH Avenue #14B
Upper East Side
Listing information provided courtesy of the Real Estate Board of New York's Residential Listing Service (RLS). Information is deemed reliable but not guaranteed. Sale listings verified. ©2026 REBNY. RLS data displayed by Keller Williams NYC.
Condos carry a large premium over co-ops, but the two moved in opposite directions. The March condo median fell from $1,685,000 in 2025 to $1,550,000 in 2026, down 8%, while the March co-op median rose from $767,500 to $865,000, up 12.7%. January condo medians swing with a few large closings.
In both years inventory climbed from January to March (up 18% in 2025, up 14% in 2026) while days on market dropped sharply.
In 2025 the monthly readings were 114, 108, and 71 days. In 2026 they were 106, 104, and 63 days, so March 2026 was 8 days faster than March 2025. Active inventory ended Q1 2026 at 8,182 listings, 6.1% below the 8,711 at the end of Q1 2025 and 5.0% below the 8,615 recorded in February 2020.
| Borough | Q1 2025 | Q1 2026 | Change |
|---|---|---|---|
| Manhattan | $1.12M | $1.21M | +7.6% |
| Brooklyn | $1.01M | $996K | -1.7% |
| Queens | $696K | $733K | +5.4% |
Source: StreetEasy Data Dashboard. Each figure is the average of the quarter's three monthly median sale prices.
| Manhattan, April to June | 2025 | 2026 |
|---|---|---|
| Recorded sales | 3,332 | 2,695 (-19.1%) |
| Monthly median sale price | $1.12M, $1.25M, $1.15M | $1.25M, $1.28M, $1.225M |
| Median days on market | 56, 62, 68 | 58, 57, 64 |
Source: StreetEasy Data Dashboard, Manhattan, monthly figures.
The Q1 pattern held through spring: prices stayed above 2025 while recorded sales ran well below it. Condos led, with the June condo median at $1,750,000 against $1,500,000 a year earlier.
The last 90 days of RLS closings (since July 3, 2026) show 2,781 Manhattan sales at a $1,333,000 median close, with 6,172 active listings and 3,001 pending sales. RLS counts differ from StreetEasy's recorded sales, so compare each source against itself.
RLS data provided by REBNY via Trestle (Cotality). Listing information deemed reliable but not guaranteed. © Real Estate Board of New York. All rights reserved.
A co-op purchase adds a board package review step to the closing schedule. Read the co-op vs. condo guide if you are weighing the two for the first time.
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Current inventory across Manhattan neighborhoods
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Listing information provided courtesy of the Real Estate Board of New York's Residential Listing Service (RLS). Information is deemed reliable but not guaranteed. Sale listings verified. ©2026 REBNY. RLS data displayed by Keller Williams NYC.
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Disclaimer: All information provided in this article is for educational purposes only and does not constitute legal, financial, or real estate advice.
Listing data sourced from the REBNY Residential Listing Service (RLS). Information is deemed reliable but not guaranteed.
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