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MANHATTAN MARKET UPDATE OCTOBER 2025

Report

New York October 2025 New Signed Contracts Manhattan

"New signed contracts across all property types surged, while new listings grew at about the same rate. This upward trend has occurred in 15 of the past 16 months. In the luxury market, which represents the top ten percent of all contracts, saw nearly double the signings of last year and triple the growth in new listings. 1-3 family homes saw roughly twice as many new signed contracts as in the same period the previous year. Co-ops also experienced robust growth, spurred by declining mortgage rates and increased supply. New signed condo contracts rose annually for the first time in three months."

CO-OP MATRIX Manhattan

OCT 2025

OCT 2024

%∆ (yr)

New Signed Contracts (All)

560

455

23.1% 20.5%

< $500K

$500K – $999K

198

203

-2.5%

$1M – $1.99M

152

106

43.4%

$2M – $3.99M

50.0%

$4M – $4.99M

325.0%

$5M – $9.99M

87.5%

$10M – $19.99M

25.0%

> $20M

New Listings (All)

834

679

22.8%

< $500K

126

35.5%

$500K – $999K

330

307

7.5%

$1M – $1.99M

188

144

30.6%

$2M – $3.99M

106

17.8%

$4M – $4.99M

75.0%

$5M – $9.99M

63.6%

$10M – $19.99M

71.4%

> $20M

CONDO MATRIX Manhattan

OCT 2025

OCT 2024

%∆ (yr)

New Signed Contracts (All)

400

369

8.4% 300.0%

CO-OP CO-OP

Manhattan Manhattan

New Listings (All) New Listings (All) New Signed Contracts (All) New Signed Contracts (All)

1,250 1,250

1,000 1,000

750 750

500 500

250 250

0 0 Oct-24 Nov-24 Dec-24 Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25 Oct-24 Nov-24 Dec-24 Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25

< $500K

$500K – $999K

115

111

3.6%

$1M – $1.99M

-19.4%

$2M – $3.99M

109

34.6%

$4M – $4.99M

17.6%

$5M – $9.99M

20.5%

$10M – $19.99M

-23.5%

> $20M

12.5%

New Listings (All)

662

602

10.0%

< $500K

0.0%

$500K – $999K

127

124

2.4%

$1M – $1.99M

194

184

5.4%

$2M – $3.99M

189

150

26.0%

$4M – $4.99M

11.1%

$5M – $9.99M

-1.7%

$10M – $19.99M

55.0%

> $20M

-35.3%

CONDO CONDO

Manhattan Manhattan

Jul-25 Aug-25 Sep-25 Oct-25 Jul-25 Aug-25 Sep-25 Oct-25

New Listings (All) New Listings (All) New Signed Contracts (All) New Signed Contracts (All)

1,000 1,000

800 800

600 600

400 400

200 200

0 0 Oct-24 Nov-24 Dec-24 Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25 Oct-24 Nov-24 Dec-24 Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25

1-3 1-3 FAMILY FAMILY

Prepared by Miller Samuel Real Estate Appraisers & Consultants

Manhattan Manhattan 120 120

Jul-25 Aug-25 Sep-25 Oct-25 Jul-25 Aug-25 Sep-25 Oct-25

New Listings (All) New Listings (All) New Signed Contracts (All) New Signed Contracts (All)

200 200

The Elliman Report • New York October 2025 New Signed Contracts

elliman.com/marketreports 0

Manhattan (continued) 0

1-3 FAMILY MATRIX

OCT 2025

OCT 2024

%∆ (yr)

91.7%

< $500K

$500K – $999K

$1M – $1.99M

-100.0%

$2M – $3.99M

66.7%

$4M – $4.99M

-100.0%

$5M – $9.99M

14.3%

$10M – $19.99M

> $20M

New Listings (All)

< $500K

$500K – $999K

$1M – $1.99M

Manhattan

New Signed Contracts (All)

Oct-24 Nov-24 Dec-24 Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25

Jul-25 Aug-25 Sep-25 Oct-25

Oct-24 Nov-24 Dec-24 Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25

Jul-25 Aug-25 Sep-25 Oct-25

1-3 FAMILY Manhattan 1-3 FAMILY 120

Manhattan

New Listings (All) New Signed Contracts New Listings (All) (All) New Signed Contracts (All)

120

100 100

80 80

53.3%

0.0%

-80.0%

$2M – $3.99M

183.3%

$4M – $4.99M

400.0%

$5M – $9.99M

18.8%

$10M – $19.99M

33.3%

> $20M

60.0%

20 20

0 0

Source: Douglas Elliman Real Estate

Oct-24 Nov-24 Dec-24 Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25

Jul-25

Aug-25 Sep-25 Oct-25

Oct-24 Nov-24 Dec-24 Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25

Jul-25

Aug-25 Sep-25 Oct-25

Brooklyn "New signed contracts across all property types rose as new listings grew faster. This rising pattern has occurred in two of the past three months. In the luxury market, which starts at the $2 million threshold, year over year growth was more than twice that of the overall market. 1-3 family homes saw the most significant percentage increase in new signed contracts compared to the same period last year. Co-ops experienced modest growth, for the third time since April, enabled by more supply. New signed condo contracts rose annually for the second time in three months."

CO-OP MATRIX

CO-OP Brooklyn CO-OP

Brooklyn

OCT 2025

OCT 2024

%∆ (yr)

New Signed Contracts (All)

135

132

2.3%

< $500K

13.8%

$500K – $999K

-2.2%

$1M – $1.99M

-20.8%

$2M – $3.99M

20.0%

$4M – $4.99M

$5M – $9.99M

$10M – $19.99M

> $20M

New Listings (All)

216

136

58.8%

180

< $500K

104

44.4%

180

$500K – $999K

69.8%

$1M – $1.99M

100.0%

$2M – $3.99M

57.1%

$4M – $4.99M

$5M – $9.99M

$10M – $19.99M

> $20M

450

Brooklyn

New Listings (All) New Signed Contracts New Listings (All) (All) New Signed Contracts (All)

450

360 360

270 270

Prepared by Miller Samuel Real Estate Appraisers & Consultants

0 0

Oct-24 Nov-24 Dec-24 Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25

Jul-25

Aug-25 Sep-25 Oct-25

Oct-24 Nov-24 Dec-24 Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25

Jul-25

Aug-25 Sep-25 Oct-25

CONDO Brooklyn CONDO

600 Brooklyn 600

New Listings (All) New Signed Contracts New Listings (All) (All) New Signed Contracts (All)

The Elliman Report • New York October 2025 New Signed Contracts

elliman.com/marketreports

Brooklyn (continued) 0

Oct-24 Nov-24 Dec-24 Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25

Jul-25

Aug-25 Sep-25 Oct-25

Oct-24 Nov-24 Dec-24 Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25

Jul-25

Aug-25 Sep-25 Oct-25

CONDO MATRIX Brooklyn

OCT 2025

OCT 2024

%∆ (yr)

New Signed Contracts (All)

197

190

3.7%

< $500K

10.0%

$500K – $999K

-7.6%

$1M – $1.99M

2.4%

$2M – $3.99M

6.9%

$4M – $4.99M

-50.0%

$5M – $9.99M

$10M – $19.99M

CONDO

New Listings (All) New Signed Contracts (All)

600 CONDO

New Listings (All) New Signed Contracts (All)

Brooklyn Brooklyn

600

480 480

360

> $20M

New Listings (All)

316

256

23.4%

< $500K

-34.8%

$500K – $999K

121

49.4%

$1M – $1.99M

117

25.8%

$2M – $3.99M

14.9%

$4M – $4.99M

-25.0%

$5M – $9.99M

-25.0%

$10M – $19.99M

> $20M

360

240 240

120 120

0 Oct-24 Nov-24 Dec-24 Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25

Jul-25

Aug-25 Sep-25 Oct-25

Oct-24 Nov-24 Dec-24 Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25

Jul-25

Aug-25 Sep-25 Oct-25

1-3 FAMILY

New Listings (All) New Signed Contracts (All)

1-3 FAMILY

New Listings (All) New Signed Contracts (All)

Brooklyn

1-3 FAMILY MATRIX Brooklyn

OCT 2025

OCT 2024

%∆ (yr)

New Signed Contracts (All)

212

178

19.1%

< $500K

$500K – $999K

27.3%

$1M – $1.99 M

17.1%

$2M – $3.99M

25.0%

$4M – $4.99M

-33.3%

$5M – $9.99M

40.0%

$10M – $19.99M

-100.0%

> $20M

New Listings (All)

422

246

71.5%

< $500K

0.0%

$500K – $999K

110

93.0%

$1M – $1.99M

163

108

50.9%

$2M – $3.99M

118

84.4%

$4M – $4.99M

150.0%

$5M – $9.99M

22.2%

$10M – $19.99M

200.0%

> $20M

Source: Douglas Elliman Real Estate

Questions or comments? Email report author Jonathan Miller at jmiller@millersamuel.com Methodology: millersamuel.com/research-reports/methodology

600

Brooklyn 600

480 480

360 360

240 240

120 120

0 Oct-24 Nov-24 Dec-24 Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25

Jul-25

Aug-25 Sep-25 Oct-25

Oct-24 Nov-24 Dec-24 Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25

Jul-25

Aug-25 Sep-25 Oct-25

Douglas Elliman Real Estate 575 Madison Avenue, New York, NY 10022 212.891.7000 • elliman.com

Miller Samuel Real Estate Appraisers & Consultants 21 West 38th Street, New York, NY 10018 212.768.8100 • millersamuel.com

© 2025 DOUGLAS ELLIMAN REAL ESTATE AND MILLER SAMUEL REAL ESTATE APPRAISERS & CONSULTANTS. ALL WORLDWIDE RIGHTS RESERVED. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE, THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. IF YOUR PROPERTY IS CURRENTLY LISTED WITH ANOTHER REAL ESTATE BROKER, PLEASE DISREGARD THIS OFFER. IT IS NOT OUR INTENTION TO SOLICIT THE OFFERINGS OF OTHER REAL ESTATE BROKERS. WE COOPERATE WITH THEM FULLY. EQUAL HOUSING OPPORTUNITY.

Jalak Gadda

Licensed Real Estate Salesperson | Douglas Elliman O: 212.891.7045 | M: 3477030413 Jalak.Gadda@elliman.com

Manhattan

MARKET OVERVIEW

Date Range

CONDO, CO-OP AND SINGLE-FAMILY HOMES

Oct 2024 vs. Oct 2025

CONTRACTS

DAYS ON MARKET VOLUME

PRICE RANGE

AVG DOM

904

OCT 2025

88 Days

922

OCT 2024

88 Days

OCT 2025

OCT 2024

% CHANGE

UNDER $1M

364

414

-12.1%

$1M - $2M

256

239

7.1%

$2M - $4M

166

162

2.5%

$4M - $10M

12.3%

OVER $10M

3.8%

MED PRICE

Contract activity in Manhattan has slightly decreased from 922 to 904, with a marginal drop in median days on market from 88 to 83 days. Price-wise, there’s a small dip in price per square foot from 1,450 to 1,451, indicating steadiness in listing durations but a minor softening in pricing compared to last year.

Recorded sales prices have slightly declined from a median of 1.14M to 1.09M, suggesting a modest decrease in transaction prices over the year, despite similar pricing per square foot. This could reflect slight price adjustments or market stabilization.

CLOSINGS

$1.09M

0.6%

3.7% YoY

MEDIAN PRICE / SF $1,488 $1,429 $1,389 $1,349 $1,309

25 Fe b, 20 25 M ar ,2 02 5 A pr ,2 02 5 M ay ,2 02 5 Ju n, 20 25 Ju l, 20 25 A ug ,2 02 5 Se p, 20 25 O ct ,2 02 5

n, Ja

02 4

$1,229

02 4

YoY

N ov ,2

PRICE S/F

$1,269

$1K

6.8%

“Data Powered by MarketProof” November 2025 575 MADISON AVENUE, NY, NY 10022. 212.891.7000 © 2025 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE, THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. IF YOUR PROPERTY IS CURRENTLY LISTED WITH ANOTHER REAL ESTATE BROKER, PLEASE DISREGARD THIS OFFER. IT IS NOT OUR INTENTION TO SOLICIT THE OFFERINGS OF OTHER REAL ESTATE BROKERS. WE COOPERATE WITH THEM FULLY. EQUAL HOUSING OPPORTUNITY.

Jalak Gadda

Licensed Real Estate Salesperson | Douglas Elliman O: 212.891.7045 | M: 3477030413 Jalak.Gadda@elliman.com

Manhattan

CONDO

Date Range

NEW AND RESALE CONDOS

Oct 2024 vs. Oct 2025

CONTRACTS

DAYS ON MARKET VOLUME

1.9%

PRICE RANGE

AVG DOM

421

OCT 2025

95 Days

413

OCT 2024

93 Days

OCT 2025

OCT 2024

% CHANGE

UNDER $1M

114

108

5.6%

$1M - $2M

128

121

5.8%

$2M - $4M

103

-3.9%

$4M - $10M

6.8%

OVER $10M

-22.7%

2.2%

Condo contract signings remained steady at around 413-421, with median days on market also stable at about 95 days. Price per square foot saw minor fluctuation, declining slightly from 1,615 to 1,616, indicating stable demand and pricing trends in condos.

Median sale prices for condos dipped slightly from 1.62M to 1.61M, with only marginal changes in price per square foot, highlighting consistent condo value levels over the past year.

CLOSINGS

MEDIAN PRICE / SF

$1.61M MED PRICE

0.5% YoY

$1,736 $1,654 $1,604 $1,554 $1,504

25 Fe b, 20 25 M ar ,2 02 5 A pr ,2 02 5 M ay ,2 02 5 Ju n, 20 25 Ju l, 20 25 A ug ,2 02 5 Se p, 20 25 O ct ,2 02 5

n, Ja

02 4

$1,404

02 4

YoY

$1,454

N ov ,2

PRICE S/F

2.6%

$2K

Jalak Gadda

Licensed Real Estate Salesperson | Douglas Elliman O: 212.891.7045 | M: 3477030413 Jalak.Gadda@elliman.com

Manhattan

CO-OP

Date Range

NEW AND RESALE CO-OPS

Oct 2024 vs. Oct 2025

CONTRACTS

DAYS ON MARKET VOLUME

5.4%

PRICE RANGE

AVG DOM

472

OCT 2025

84 Days

499

OCT 2024

86 Days

OCT 2025

OCT 2024

% CHANGE

UNDER $1M

250

306

-18.3%

$1M - $2M

128

118

8.5%

$2M - $4M

17.9%

$4M - $10M

53.3%

OVER $10M

25%

Coop contract signing decreased slightly from 499 to 472, with days on market remaining steady around 85 days. The median price per square foot slightly softened from 976 to 1,000, suggesting a stable but slightly more negotiable market for coops.

Recorded coop prices increased from 750K to 815K, with a small rise in price per square foot from 939 to 964, indicating a resilient coop market with slight appreciation in sale prices.

CLOSINGS

MEDIAN PRICE / SF

$815K MED PRICE

8.7% YoY

$1,101 $1,051 $1,021 $991 $961

25 Fe b, 20 25 M ar ,2 02 5 A pr ,2 02 5 M ay ,2 02 5 Ju n, 20 25 Ju l, 20 25 A ug ,2 02 5 Se p, 20 25 O ct ,2 02 5

n, Ja

02 4

$901

02 4

YoY

$931

N ov ,2

PRICE S/F

2.6%

$964

Jalak Gadda

Licensed Real Estate Salesperson | Douglas Elliman O: 212.891.7045 | M: 3477030413 Jalak.Gadda@elliman.com

Manhattan

SINGLE-FAMILY

Date Range

TOWNHOUSES AND DETACHED SINGLE-FAMILY HOMES

Oct 2024 vs. Oct 2025

CONTRACTS

DAYS ON MARKET VOLUME

PRICE RANGE

AVG DOM

OCT 2025

203 Days

OCT 2024

155 Days

OCT 2025

OCT 2024

% CHANGE

UNDER $1M

--%

$1M - $2M

--%

$2M - $4M

-66.7%

$4M - $10M

-50%

OVER $10M

--%

31%

Single-family home contracts held steady at nine, with the median days on market increasing from 155 to 203 days. The price per square foot significantly rose from 1,130 to 2,513, likely reflecting high-end properties or limited activity boundaries.

Median sales prices for single-family homes decreased slightly from 6.25M to 6.0M, but price per square foot declined from 1,840 to 1,223, signaling price correction or market shifts for larger, luxury homes.

CLOSINGS

MEDIAN PRICE / SF

$6M MED PRICE

4% YoY

$2,415 $1,995 $1,645 $1,295 $945

25 Fe b, 20 25 M ar ,2 02 5 A pr ,2 02 5 M ay ,2 02 5 Ju n, 20 25 Ju l, 20 25 A ug ,2 02 5 Se p, 20 25 O ct ,2 02 5

02 4

YoY

$245

N ov ,2

PRICE S/F

$595

$1K

33.5%

Jalak Gadda

Licensed Real Estate Salesperson | Douglas Elliman O: 212.891.7045 | M: 3477030413 Jalak.Gadda@elliman.com

Manhattan

NEW DEVELOPMENT

Date Range

NEW DEVELOPMENT CONDO & CO-OP

Oct 2024 vs. Oct 2025

CONTRACTS

INVENTORY VOLUME

19.4%

UNITS ADDED

133

OCT 2025

165

OCT 2024

Contracts signed have decreased from 165 last year to 133 this year, with the average days on market showing a notable trend, though specific DOM data isn't provided. Current unsold inventory stands at 3,982 units, down significantly from 8,700 last year, with 706 units currently active on the market out of 198 buildings, indicating a tighter and more competitive Manhattan market.

MED PRICE

706

82%

Total New Units

SHADOW

3,276 UNITS of new inventory is unlisted

The median recorded sale price declined from approximately $2.42M last year to $2.19M this year, with the price per square foot decreasing from 1921 to 1846.

CLOSINGS

$2.19M

ON THE MARKET

3,982

9.7% YoY

MEDIAN PRICE / SF $2,154 $2,048 $1,993 $1,938

PRICE S/F

YoY

$1,883 $1,828 $1,773

N ov ,2 02 D 4 ec ,2 02 Ja 4 n, 20 25 Fe b, 20 25 M ar ,2 02 A 5 pr ,2 02 M 5 ay ,2 02 Ju 5 n, 20 25 Ju l, 20 25 A ug ,2 02 Se 5 p, 20 25 O ct ,2 02 5

$2K

3.9%

Jalak Gadda

Licensed Real Estate Salesperson | Douglas Elliman O: 212.891.7045 | M: 3477030413 Jalak.Gadda@elliman.com

Manhattan

LUXURY MARKET REPORT $4M+ PROPERTIES

Oct 2024 vs. Oct 2025

CONTRACTS

DAYS ON MARKET VOLUME

12.3%

DAYS

128

OCT 2025

120 Days

114

OCT 2024

68 Days

TYPE

OCT 2025

OCT 2024

% CHANGE

NEW DEV

-30.4%

RESALE CONDO

50%

RESALE CO-OP

55.6%

TOWNHOUSE

27.3%

MED PRICE

75.7%

In Manhattan's luxury market, the number of contracts signed has increased from 114 to 128 year-over-year, while the median days on market (DOM) have risen significantly from 68 to 119.5 days, indicating more inventory taking longer to sell.

While the median sales price has slightly decreased from $6.1M to $5.8M, the price per square foot (PPSF) has also dropped from $2,486 to $2,322, reflecting a slight softening in pricing power for luxury properties.

CLOSINGS

$5.79M

Date Range

5.3% YoY

MEDIAN PRICE / SF $2,562 $2,482 $2,437 $2,392

25 Fe b, 20 25 M ar ,2 02 5 A pr ,2 02 5 M ay ,2 02 5 Ju n, 20 25 Ju l, 20 25 A ug ,2 02 5 Se p, 20 25 O ct ,2 02 5

n, Ja

02 4

$2,257

02 4

YoY

N ov ,2

PRICE S/F

$2,302

$2K

6.6%

$2,347

Jalak Gadda

Licensed Real Estate Salesperson | Douglas Elliman O: 212.891.7045 | M: 3477030413 Jalak.Gadda@elliman.com

Manhattan

$4M - $10M

Date Range

LUXURY MARKET - $4M TO $10M PROPERTIES

Oct 2024 vs. Oct 2025

CONTRACTS

DAYS ON MARKET VOLUME

11.4%

DAYS

OCT 2025

102 Days

OCT 2024

66 Days

TYPE

OCT 2025

OCT 2024

% CHANGE

NEW DEV

-22.5%

RESALE CONDO

50%

RESALE CO-OP

71.4%

TOWNHOUSE

-36.4%

55.7%

Contracts signed in the $4M to $10M range have increased from 88 to 98, with the median DOM extending from 65.5 to 102 days, suggesting increased interest but longer selling times.

The median price has declined from $5.5M to $5.1M, and the PPSF has reduced from $2,417 to $2,172, indicating a shift towards more competitive pricing in this segment.

CLOSINGS

MEDIAN PRICE / SF

$5.13M MED PRICE

6.6% YoY

$2,415 $2,347 $2,297 $2,247 $2,197

25 Fe b, 20 25 M ar ,2 02 5 A pr ,2 02 5 M ay ,2 02 5 Ju n, 20 25 Ju l, 20 25 A ug ,2 02 5 Se p, 20 25 O ct ,2 02 5

02 4

YoY

$2,097

N ov ,2

PRICE S/F

$2,147

$2K

10.1%

Jalak Gadda

Licensed Real Estate Salesperson | Douglas Elliman O: 212.891.7045 | M: 3477030413 Jalak.Gadda@elliman.com

Manhattan

$10M+

Date Range

LUXURY MARKET - $10M+ PROPERTIES

Oct 2024 vs. Oct 2025

CONTRACTS

DAYS ON MARKET VOLUME

15.4%

DAYS

OCT 2025

147 Days

OCT 2024

111 Days

TYPE

OCT 2025

OCT 2024

% CHANGE

NEW DEV

-50%

RESALE CONDO

50%

RESALE CO-OP

TOWNHOUSE

--%

32.4%

For properties above $10M, contracts signed have risen from 26 to 30, with the median DOM increasing from 111 to 147 days, reflecting even longer marketing periods for ultra-luxury listings.

Interestingly, the median price in this category has jumped from $12.5M to $16.2M, and the PPSF has increased from $3,402 to $3,871, signaling strong demand still driving pricing at the top end.

CLOSINGS

MEDIAN PRICE / SF

$16.15M MED PRICE

29.2% YoY

$4,861 $4,211 $3,861 $3,511 $3,161

25 Fe b, 20 25 M ar ,2 02 5 A pr ,2 02 5 M ay ,2 02 5 Ju n, 20 25 Ju l, 20 25 A ug ,2 02 5 Se p, 20 25 O ct ,2 02 5

02 4

YoY

$2,461

N ov ,2

PRICE S/F

$2,811

$4K

13.8%

Jalak Gadda

Licensed Real Estate Salesperson | Douglas Elliman O: 212.891.7045 | M: 3477030413 Jalak.Gadda@elliman.com

Manhattan

CONDO MARKET REPORT NEW AND RESALE CONDOS

Oct 2024 vs. Oct 2025

CONTRACTS

DAYS ON MARKET VOLUME

1.9%

PRICE RANGE

AVG DOM

421

OCT 2025

95 Days

413

OCT 2024

92 Days

OCT 2025

OCT 2024

% CHANGE

UNDER $1M

114

108

5.6%

$1M - $2M

128

121

5.8%

$2M - $4M

103

-3.9%

$4M - $10M

6.8%

OVER $10M

-22.7%

MED PRICE

3.1%

In Manhattan, condo contracts signed slightly increased from 413 to 421, with median days on market decreasing from 92.1 to 95 days, indicating steady demand and a marginally quicker sale process.

Median sale prices for condos remained stable around $1.61M, with little change from last year, and price per square foot also held steady, suggesting a balanced market where prices are stabilizing after recent fluctuations.

CLOSINGS

$1.61M

Date Range

0.5% YoY

MEDIAN PRICE / SF $1,736 $1,654 $1,604 $1,554

25 Fe b, 20 25 M ar ,2 02 5 A pr ,2 02 5 M ay ,2 02 5 Ju n, 20 25 Ju l, 20 25 A ug ,2 02 5 Se p, 20 25 O ct ,2 02 5

n, Ja

02 4

$1,404

02 4

YoY

N ov ,2

PRICE S/F

$1,454

$2K

2.6%

$1,504

Jalak Gadda

Licensed Real Estate Salesperson | Douglas Elliman O: 212.891.7045 | M: 3477030413 Jalak.Gadda@elliman.com

Manhattan

STUDIOS

Date Range

CONDO MARKET - STUDIOS

Oct 2024 vs. Oct 2025

CONTRACTS

DAYS ON MARKET VOLUME

4.4%

PRICE RANGE

AVG DOM

OCT 2025

77 Days

OCT 2024

101 Days

OCT 2025

OCT 2024

% CHANGE

UNDER $1M

-2.6%

$1M - $2M

$2M - $4M

-100%

$4M - $10M

--%

OVER $10M

--%

23.8%

Studio contracts signed dropped slightly from 45 to 43, and median days on market decreased from 101 to 77, hinting at a slight increase in buyer activity and faster sales for smaller units.

Median sale price for studios rose from $622K to $691K, with the price per square foot increasing slightly, reflecting strong demand for affordable and smaller condos in Manhattan.

CLOSINGS

MEDIAN PRICE / SF

$691K MED PRICE

11.1% YoY

$1,512 $1,370 $1,290 $1,210 $1,130

25 Fe b, 20 25 M ar ,2 02 5 A pr ,2 02 5 M ay ,2 02 5 Ju n, 20 25 Ju l, 20 25 A ug ,2 02 5 Se p, 20 25 O ct ,2 02 5

n, Ja

02 4

$970

02 4

YoY

$1,050

N ov ,2

PRICE S/F

$1K

Jalak Gadda

Licensed Real Estate Salesperson | Douglas Elliman O: 212.891.7045 | M: 3477030413 Jalak.Gadda@elliman.com

Manhattan

ONE BEDROOMS

Date Range

CONDO MARKET - 1 BEDROOMS

Oct 2024 vs. Oct 2025

CONTRACTS

DAYS ON MARKET VOLUME 140

OCT 2025

72 Days

135

OCT 2024

83 Days

3.7%

PRICE RANGE

AVG DOM

OCT 2025

OCT 2024

% CHANGE

UNDER $1M

10.5%

$1M - $2M

4.6%

$2M - $4M

-25%

$4M - $10M

-100%

OVER $10M

--%

13.3%

1-bedroom contracts signed increased slightly from 135 to 140, but median days on market decreased from 83 to 72, suggesting quicker sales and sustained interest in one-bedroom units.

Median sale prices for 1-bed units decreased from $1.075M to $985K, and the price per square foot also dipped, indicating a mild softening in luxury segment pricing but overall stability in value.

CLOSINGS

MEDIAN PRICE / SF

$985K MED PRICE

8.4% YoY

$1,602 $1,506 $1,451 $1,396 $1,341

25 Fe b, 20 25 M ar ,2 02 5 A pr ,2 02 5 M ay ,2 02 5 Ju n, 20 25 Ju l, 20 25 A ug ,2 02 5 Se p, 20 25 O ct ,2 02 5

n, Ja

02 4

$1,231

02 4

YoY

$1,286

N ov ,2

PRICE S/F

13.4%

$1K

Jalak Gadda

Licensed Real Estate Salesperson | Douglas Elliman O: 212.891.7045 | M: 3477030413 Jalak.Gadda@elliman.com

Manhattan

TWO BEDROOMS

Date Range

CONDO MARKET - 2 BEDROOMS

Oct 2024 vs. Oct 2025

CONTRACTS

DAYS ON MARKET VOLUME

10.1%

PRICE RANGE

AVG DOM

125

OCT 2025

119 Days

139

OCT 2024

115 Days

OCT 2025

OCT 2024

% CHANGE

UNDER $1M

30%

$1M - $2M

$2M - $4M

-10.4%

$4M - $10M

-50%

OVER $10M

--%

3.5%

2-bedroom contracts signed decreased from 139 to 125, with median days on market rising from 115 to 119, possibly pointing to a softer market or increased listing volume.

Median prices remained very close, around $2.17M to $2.18M, with stable price per square foot figures, signaling price stability despite some slowdown in transaction volume.

CLOSINGS

MEDIAN PRICE / SF

$2.18M MED PRICE

0.4% YoY

$1,709 $1,666 $1,641 $1,616 $1,591

25 Fe b, 20 25 M ar ,2 02 5 A pr ,2 02 5 M ay ,2 02 5 Ju n, 20 25 Ju l, 20 25 A ug ,2 02 5 Se p, 20 25 O ct ,2 02 5

n, Ja

02 4

$1,541

02 4

YoY

$1,566

N ov ,2

PRICE S/F

3.2%

$2K

Jalak Gadda

Licensed Real Estate Salesperson | Douglas Elliman O: 212.891.7045 | M: 3477030413 Jalak.Gadda@elliman.com

Manhattan

THREE BEDROOMS

Date Range

CONDO MARKET - 3 BEDROOMS

Oct 2024 vs. Oct 2025

CONTRACTS

DAYS ON MARKET VOLUME

16.9%

PRICE RANGE

AVG DOM

OCT 2025

83 Days

OCT 2024

88 Days

OCT 2025

OCT 2024

% CHANGE

UNDER $1M

-66.7%

$1M - $2M

37.5%

$2M - $4M

19%

$4M - $10M

37.5%

OVER $10M

-33.3%

5.1%

3-bedroom contracts signed increased from 65 to 76 while days on market slightly decreased from 87.5 to 83, indicating healthy activity in larger family-style units.

Prices for 3-bed condos increased from about $2.93M to $3.15M, with a modest rise in price per square foot, reflecting sustained demand at higher price points.

CLOSINGS

MEDIAN PRICE / SF

$3.15M MED PRICE

7.6% YoY

$2,129 $1,991 $1,921 $1,851 $1,781

25 Fe b, 20 25 M ar ,2 02 5 A pr ,2 02 5 M ay ,2 02 5 Ju n, 20 25 Ju l, 20 25 A ug ,2 02 5 Se p, 20 25 O ct ,2 02 5

n, Ja

02 4

$1,641

02 4

YoY

$1,711

N ov ,2

PRICE S/F

4.3%

$2K

Jalak Gadda

Licensed Real Estate Salesperson | Douglas Elliman O: 212.891.7045 | M: 3477030413 Jalak.Gadda@elliman.com

Manhattan

FOUR+ BEDROOMS

Date Range

CONDO MARKET - 4 BEDROOMS

Oct 2024 vs. Oct 2025

CONTRACTS

DAYS ON MARKET VOLUME

27.6%

PRICE RANGE

AVG DOM

OCT 2025

189 Days

OCT 2024

38 Days

OCT 2025

OCT 2024

% CHANGE

UNDER $1M

--%

$1M - $2M

--%

$2M - $4M

150%

$4M - $10M

42.9%

OVER $10M

-15.4%

402.7%

4-bedroom contracts signed rose from 29 to 37, with a significant increase in median days on market from 37.5 to 188.5, suggesting larger luxury units are taking longer to move.

Median sale prices for 4-bed units increased from roughly $5.97M to $7.35M, with a slight dip in price per square foot, pointing to strong valuation but slower sales due to higher prices.

CLOSINGS

MEDIAN PRICE / SF

$7.35M MED PRICE

23% YoY

$3,215 $2,802 $2,552 $2,302

25 Fe b, 20 25 M ar ,2 02 5 A pr ,2 02 5 M ay ,2 02 5 Ju n, 20 25 Ju l, 20 25 A ug ,2 02 5 Se p, 20 25 O ct ,2 02 5

02 4

YoY

$1,802

N ov ,2

PRICE S/F

$2,052

$2K

8.9%

Jalak Gadda

Licensed Real Estate Salesperson | Douglas Elliman O: 212.891.7045 | M: 3477030413 Jalak.Gadda@elliman.com

Manhattan

CO-OP MARKET REPORT NEW AND RESALE CO-OPS

Oct 2024 vs. Oct 2025

CONTRACTS

DAYS ON MARKET VOLUME

5.4%

PRICE RANGE

AVG DOM

472

OCT 2025

84 Days

499

OCT 2024

86 Days

OCT 2025

OCT 2024

% CHANGE

UNDER $1M

250

306

-18.3%

$1M - $2M

128

118

8.5%

$2M - $4M

17.9%

$4M - $10M

53.3%

OVER $10M

25%

MED PRICE

2.3%

Overall, contracts signed across Manhattan's co-op market have declined slightly by about 5% compared to last year, with the average days on market remaining steady around 85 days, indicating stable buyer activity.

Medians for recorded co-op sale prices increased modestly from $750K to $812K, reflecting a slight upward price trend while average price per square foot grew marginally, signaling sustained demand in the market.

CLOSINGS

$812K

Date Range

8.3% YoY

MEDIAN PRICE / SF $1,101 $1,051 $1,021 $991

25 Fe b, 20 25 M ar ,2 02 5 A pr ,2 02 5 M ay ,2 02 5 Ju n, 20 25 Ju l, 20 25 A ug ,2 02 5 Se p, 20 25 O ct ,2 02 5

n, Ja

02 4

$901

02 4

YoY

N ov ,2

PRICE S/F

$931

$964

2.6%

$961

Jalak Gadda

Licensed Real Estate Salesperson | Douglas Elliman O: 212.891.7045 | M: 3477030413 Jalak.Gadda@elliman.com

Manhattan

STUDIOS

Date Range

CO-OP MARKET - STUDIOS

Oct 2024 vs. Oct 2025

CONTRACTS

DAYS ON MARKET VOLUME

21.7%

PRICE RANGE

AVG DOM

OCT 2025

105 Days

OCT 2024

65 Days

OCT 2025

OCT 2024

% CHANGE

UNDER $1M

-20.7%

$1M - $2M

--%

$2M - $4M

-100%

$4M - $10M

--%

OVER $10M

--%

62.8%

The number of signed contracts for studios fell by approximately 22%, with a median DOM increasing to 105 days from 65, suggesting buyers are more selective or markets are softening slightly.

Studio sale prices declined slightly from $447K to $429K, with median price per square foot remaining stable, indicating modest price stabilization but less transaction activity.

CLOSINGS

MEDIAN PRICE / SF

$429K MED PRICE

4.1% YoY

$1,049 $994 $954 $914 $874

25 Fe b, 20 25 M ar ,2 02 5 A pr ,2 02 5 M ay ,2 02 5 Ju n, 20 25 Ju l, 20 25 A ug ,2 02 5 Se p, 20 25 O ct ,2 02 5

02 4

YoY

$794

N ov ,2

PRICE S/F

$834

$933

Jalak Gadda

Licensed Real Estate Salesperson | Douglas Elliman O: 212.891.7045 | M: 3477030413 Jalak.Gadda@elliman.com

Manhattan

ONE BEDROOMS

Date Range

CO-OP MARKET - 1 BEDROOMS

Oct 2024 vs. Oct 2025

CONTRACTS

DAYS ON MARKET VOLUME

11.6%

PRICE RANGE

AVG DOM

160

OCT 2025

86 Days

181

OCT 2024

68 Days

OCT 2025

OCT 2024

% CHANGE

UNDER $1M

133

153

-13.1%

$1M - $2M

-14.8%

$2M - $4M

300%

$4M - $10M

--%

OVER $10M

--%

26.5%

One-bedroom contracts signed dropped about 12%, but the median DOM increased from 68 to 86 days, hinting at a cooling in demand or buyers taking longer to commit.

Median prices rose slightly from $650K to $662K, with a small increase in price per square foot, showing steady value retention in this unit type.

CLOSINGS

MEDIAN PRICE / SF

$663K MED PRICE

1.9% YoY

$1,014 $975 $950 $925 $900

25 Fe b, 20 25 M ar ,2 02 5 A pr ,2 02 5 M ay ,2 02 5 Ju n, 20 25 Ju l, 20 25 A ug ,2 02 5 Se p, 20 25 O ct ,2 02 5

02 4

YoY

$850

N ov ,2

PRICE S/F

$875

$893

0.6%

Jalak Gadda

Licensed Real Estate Salesperson | Douglas Elliman O: 212.891.7045 | M: 3477030413 Jalak.Gadda@elliman.com

Manhattan

TWO BEDROOMS

Date Range

CO-OP MARKET - 2 BEDROOMS

Oct 2024 vs. Oct 2025

CONTRACTS

DAYS ON MARKET VOLUME

0.6%

PRICE RANGE

AVG DOM

162

OCT 2025

91 Days

161

OCT 2024

99 Days

OCT 2025

OCT 2024

% CHANGE

UNDER $1M

-16.7%

$1M - $2M

11.1%

$2M - $4M

7.7%

$4M - $10M

33.3%

OVER $10M

--%

7.6%

Two-bedroom contracts signed were relatively flat, decreasing by 1%, but the median DOM extended to 91 days from 98.5, reflecting a slightly longer sales process.

Median sale prices climbed from $1.22M to $1.4M, with a notable increase in price per square foot, highlighting strong value appreciation in larger units.

CLOSINGS

MEDIAN PRICE / SF

$1.4M MED PRICE

14.8% YoY

$1,144 $1,078 $1,033 $988 $943

25 Fe b, 20 25 M ar ,2 02 5 A pr ,2 02 5 M ay ,2 02 5 Ju n, 20 25 Ju l, 20 25 A ug ,2 02 5 Se p, 20 25 O ct ,2 02 5

02 4

YoY

$853

N ov ,2

PRICE S/F

$898

$1K

4.5%

Jalak Gadda

Licensed Real Estate Salesperson | Douglas Elliman O: 212.891.7045 | M: 3477030413 Jalak.Gadda@elliman.com

Manhattan

THREE BEDROOMS

Date Range

CO-OP MARKET - 3 BEDROOMS

Oct 2024 vs. Oct 2025

CONTRACTS

DAYS ON MARKET VOLUME

30.2%

PRICE RANGE

AVG DOM

OCT 2025

67 Days

OCT 2024

113 Days

OCT 2025

OCT 2024

% CHANGE

UNDER $1M

-88.9%

$1M - $2M

38.9%

$2M - $4M

55%

$4M - $10M

83.3%

OVER $10M

--%

41.2%

Three-bedroom contracts signed grew significantly, from 53 to 69, with median DOM decreasing to 66.5 days from 113, indicating increased activity and quicker sales in this segment.

Prices increased from $1.87M to $2.1M, with a slight decline in price per square foot, suggesting robust valuation growth with some price per unit moderation.

CLOSINGS

MEDIAN PRICE / SF

$2.1M MED PRICE

12.3% YoY

$1,414 $1,344 $1,274 $1,204 $1,134 $1,064

25 Fe b, 20 25 M ar ,2 02 5 A pr ,2 02 5 M ay ,2 02 5 Ju n, 20 25 Ju l, 20 25 A ug ,2 02 5 Se p, 20 25 O ct ,2 02 5

n, Ja

02 4

$924

02 4

YoY

$994

N ov ,2

PRICE S/F

6.8%

$1K

Jalak Gadda

Licensed Real Estate Salesperson | Douglas Elliman O: 212.891.7045 | M: 3477030413 Jalak.Gadda@elliman.com

Manhattan

FOUR+ BEDROOMS

Date Range

CO-OP MARKET - 4 BEDROOMS

Oct 2024 vs. Oct 2025

CONTRACTS

DAYS ON MARKET VOLUME

23.8%

PRICE RANGE

AVG DOM

OCT 2025

64 Days

OCT 2024

116 Days

OCT 2025

OCT 2024

% CHANGE

UNDER $1M

-50%

$1M - $2M

-100%

$2M - $4M

-62.5%

$4M - $10M

33.3%

OVER $10M

44.8%

Four-bedroom signed contracts decreased from 21 to 16, with median DOM dropping to 64 days from 116, possibly indicating some cooling or market correction in luxury larger units.

Sale prices declined from $3.75M to $3.06M, with a decrease in price per square foot, reflecting softness in high-end large-unit sales.

CLOSINGS

MEDIAN PRICE / SF

$3.06M MED PRICE

18.1% YoY

$2,695 $2,305 $2,005 $1,705 $1,405

25 Fe b, 20 25 M ar ,2 02 5 A pr ,2 02 5 M ay ,2 02 5 Ju n, 20 25 Ju l, 20 25 A ug ,2 02 5 Se p, 20 25 O ct ,2 02 5

02 4

YoY

$805

PRICE S/F

$1,105

N ov ,2

$1K

18.3%

Jalak Gadda

Licensed Real Estate Salesperson | Douglas Elliman O: 212.891.7045 | M: 3477030413 Jalak.Gadda@elliman.com

Manhattan

TOWNHOUSE MARKET REPORT Date Range TOWNHOUSE AND SINGLE-FAMILY HOMES

Oct 2024 vs. Oct 2025

CONTRACTS

DAYS ON MARKET VOLUME

13.3%

PRICE RANGE

AVG DOM

OCT 2025

165 Days

OCT 2024

185 Days

OCT 2025

OCT 2024

% CHANGE

UNDER $1M

--%

$1M - $2M

-100%

$2M - $4M

-16.7%

$4M - $10M

-25%

OVER $10M

--%

MED PRICE

In Manhattan, contracts signed for townhouses are slightly higher this October with 17 compared to 15 last year, while the median days on market have decreased from 185 to 165 days, indicating a modest quickening in pace. The price per square foot has more than doubled from roughly $839 to $1,756, suggesting increased buyer willingness to pay more per square foot.

Recorded townhouse sales prices have softened slightly from a median of $5.14M last year to $4.00M this October, with a notable decline in price per square foot from $1,504 to $1,051, reflecting a potential cooling or buyer negotiation trend.

CLOSINGS

$4M

10.6%

22.2% YoY

MEDIAN PRICE / SF $2,148 $1,677 $1,427 $1,177

25 Fe b, 20 25 M ar ,2 02 5 A pr ,2 02 5 M ay ,2 02 5 Ju n, 20 25 Ju l, 20 25 A ug ,2 02 5 Se p, 20 25 O ct ,2 02 5

02 4

YoY

$427

N ov ,2

PRICE S/F

$677

$1K

30.1%

$927

Anil Jintoorkar

ASSOCIATE BROKER | Douglas Elliman O: 516.669.5615 | M: 516.669.5615 anil.jintoorkar@elliman.com

MANHATTAN MONTHLY REAL ESTATE TRENDS In October 2025, the Manhattan real estate market displayed varied dynamics across different segments, showcasing growth in some areas while others experienced a slow down. New Development The new development market saw robust activity, with contracts signed increasing by 37.11% and average prices rising to $4.32 million, up by 20.12%. The dollar volume also surged by 64.70%, signaling strong demand. However, recorded sales decreased by 22.07%, indicating possible inventory limitations. Luxury Luxury properties ($4M+) experienced a remarkable

Resale Condo Resale condos saw a significant uptick with contracts signed increasing by 39.01%. The average price climbed to $2.59 million, showing a 10.86% rise. Despite this, new listings saw a 33.08% decline, suggesting a tightening of inventory. Additionally, recorded sales were down by 24.76%. Resale Co-op Co-ops showed increased activity with a 23.56% increase in contracts signed and a 12.43% rise in average prices. New listings decreased by 32.99%, creating pressure on available inventory. Recorded sales fell by 10.93%.

increase in contracts signed by 72.97%. However,

Overall, the Manhattan real estate market is

despite this interest, the new listings fell by 21.09%.

characterized by strong buyer interest, particularly in the

Prices edged higher, with a notable 28.32% rise in

luxury and new developments segments, even as

average price to $9.75 million. The market remains

inventory constraints appear to be a challenge in several

buoyant, but recorded sales dropped by 18.42%.

areas, notably resale condos and co-ops.

Anil Jintoorkar

ASSOCIATE BROKER | Douglas Elliman O: 516.669.5615 | M: 516.669.5615 anil.jintoorkar@elliman.com

MARKETWIDE Contracts Signed

Avg PPSF

Avg Price

Dollar Volume

October 2025

968 123 Days on Mkt

vs. prior month +32.24%

vs. prior year

$1,663

+1.15%

Jan 2019

vs. prior month +4.73%

vs. prior year

$2.52M

+0.44%

Oct 2025

Jan 2019

vs. prior month +25.73%

vs. prior year

$2.4B

+14.39%

Oct 2025

Jan 2019

vs. prior month +66.27%

vs. prior year +15.70%

Oct 2025

Jan 2019

Oct 2025

New Listings

Avg PPSF

Avg Price

Dollar Volume

October 2025

1,378

vs. prior month -28.15%

vs. prior year

$1,748

-9.28%

Jan 2019

vs. prior month +3.69%

vs. prior year

$2.94M

+2.46%

Oct 2025

Jan 2019

vs. prior month +8.04%

vs. prior year

$4.1B

+6.51%

Oct 2025

Jan 2019

vs. prior month -22.37%

vs. prior year -3.38%

Oct 2025

Jan 2019

Oct 2025

Recorded Sales

Avg PPSF

Avg Price

Dollar Volume

October 2025

1,107 121 Days on Mkt

Jan 2019

vs. prior month -16.45%

vs. prior year

$1,484

+24.24%

vs. prior month +4.24%

vs. prior year

$2.09M

-2.81%

Oct 2025

Jan 2019

vs. prior month -0.34%

vs. prior year

$2.3B

+3.53%

Oct 2025

Jan 2019

vs. prior month -16.74%

vs. prior year +28.63%

Oct 2025

Jan 2019

Oct 2025

Anil Jintoorkar

ASSOCIATE BROKER | Douglas Elliman O: 516.669.5615 | M: 516.669.5615 anil.jintoorkar@elliman.com

NEW DEVELOPMENT Contracts Signed

Avg PPSF

Avg Price

Dollar Volume

October 2025

133 161 Days on Mkt

vs. prior month +37.11%

vs. prior year

$2,286

-19.39%

Jan 2019

vs. prior month +5.64%

vs. prior year

$4.32M

-3.65%

Oct 2025

Jan 2019

vs. prior month +20.12%

vs. prior year

$575M

-6.01%

Oct 2025

Jan 2019

vs. prior month +64.70%

vs. prior year -24.24%

Oct 2025

Jan 2019

Oct 2025

New Listings

Avg PPSF

Avg Price

Dollar Volume

October 2025

179

vs. prior month +2.29%

vs. prior year

$2,242

-13.11%

Jan 2019

vs. prior month +2.58%

vs. prior year

$3.88M

-6.98%

Oct 2025

Jan 2019

vs. prior month +12.74%

vs. prior year

$695M

-29.10%

Oct 2025

Jan 2019

vs. prior month +15.31%

vs. prior year -38.39%

Oct 2025

Jan 2019

Oct 2025

Recorded Sales

Avg PPSF

Avg Price

Dollar Volume

October 2025

113 180 Days on Mkt

Jan 2019

vs. prior month -22.07%

vs. prior year

$1,980

-15.67%

vs. prior month -3.89%

vs. prior year

$3.35M

-3.15%

Oct 2025

Jan 2019

vs. prior month +7.06%

vs. prior year

$379M

+10.80%

Oct 2025

Jan 2019

vs. prior month -16.57%

vs. prior year -6.56%

Oct 2025

Jan 2019

Oct 2025

Anil Jintoorkar

ASSOCIATE BROKER | Douglas Elliman O: 516.669.5615 | M: 516.669.5615 anil.jintoorkar@elliman.com

LUXURY ($4M+) Contracts Signed

Avg PPSF

Avg Price

Dollar Volume

October 2025

128 159 Days on Mkt

vs. prior month +72.97%

vs. prior year

$2,781

+12.28%

Jan 2019

vs. prior month +0.12%

vs. prior year

$9.75M

-5.25%

Oct 2025

Jan 2019

vs. prior month +28.32%

vs. prior year

$1.2B

+11.97%

Oct 2025

Jan 2019

vs. prior month +121.95%

vs. prior year +25.72%

Oct 2025

Jan 2019

Oct 2025

New Listings

Avg PPSF

Avg Price

Dollar Volume

October 2025

232

vs. prior month -21.09%

vs. prior year

$2,840

-1.69%

Jan 2019

vs. prior month +1.53%

vs. prior year

$10.21M

-0.76%

Oct 2025

Jan 2019

vs. prior month +5.15%

vs. prior year

$2.4B

+2.32%

Oct 2025

Jan 2019

vs. prior month -17.02%

vs. prior year +0.58%

Oct 2025

Jan 2019

Oct 2025

Recorded Sales

Avg PPSF

Avg Price

Dollar Volume

October 2025

124 164 Days on Mkt

Jan 2019

vs. prior month -18.42%

vs. prior year

$2,628

+16.98%

vs. prior month +7.83%

vs. prior year

$8.36M

-0.02%

Oct 2025

Jan 2019

vs. prior month -4.01%

vs. prior year

$1B

+14.52%

Oct 2025

Jan 2019

vs. prior month -21.70%

vs. prior year +33.97%

Oct 2025

Jan 2019

Oct 2025

Anil Jintoorkar

ASSOCIATE BROKER | Douglas Elliman O: 516.669.5615 | M: 516.669.5615 anil.jintoorkar@elliman.com

RESALE CONDO Contracts Signed

Avg PPSF

Avg Price

Dollar Volume

October 2025

310 121 Days on Mkt

vs. prior month +39.01%

vs. prior year

$1,619

+19.69%

Jan 2019

vs. prior month -0.06%

vs. prior year

$2.59M

+3.25%

Oct 2025

Jan 2019

vs. prior month +10.86%

vs. prior year

$804M

+16.02%

Oct 2025

Jan 2019

vs. prior month +54.12%

vs. prior year +38.87%

Oct 2025

Jan 2019

Oct 2025

New Listings

Avg PPSF

Avg Price

Dollar Volume

October 2025

449

vs. prior month -33.08%

vs. prior year

$1,812

-16.54%

Jan 2019

vs. prior month +1.64%

vs. prior year

$3.21M

+5.97%

Oct 2025

Jan 2019

vs. prior month -0.92%

vs. prior year

$1.4B

+13.00%

Oct 2025

Jan 2019

vs. prior month -33.70%

vs. prior year -5.69%

Oct 2025

Jan 2019

Oct 2025

Recorded Sales

Avg PPSF

Avg Price

Dollar Volume

October 2025

319 126 Days on Mkt

Jan 2019

vs. prior month -24.76%

vs. prior year

$1,645

+8.14%

vs. prior month +16.60%

vs. prior year

$2.3M

+3.55%

Oct 2025

Jan 2019

vs. prior month +10.59%

vs. prior year

$735M

+14.08%

Oct 2025

Jan 2019

vs. prior month -16.80%

vs. prior year +23.36%

Oct 2025

Jan 2019

Oct 2025

Anil Jintoorkar

ASSOCIATE BROKER | Douglas Elliman O: 516.669.5615 | M: 516.669.5615 anil.jintoorkar@elliman.com

RESALE CO-OP Contracts Signed

Avg PPSF

Avg Price

Dollar Volume

October 2025

472 116 Days on Mkt

vs. prior month +23.56%

vs. prior year

$1,068

-5.03%

Jan 2019

vs. prior month +1.14%

vs. prior year

$1.59M

+3.87%

Oct 2025

Jan 2019

vs. prior month +12.43%

vs. prior year

$749M

+19.58%

Oct 2025

Jan 2019

vs. prior month +38.92%

vs. prior year +13.57%

Oct 2025

Jan 2019

Oct 2025

New Listings

Avg PPSF

Avg Price

Dollar Volume

October 2025

644

vs. prior month -32.99%

vs. prior year

$1,188

-5.29%

Jan 2019

vs. prior month -0.41%

vs. prior year

$1.93M

+6.22%

Oct 2025

Jan 2019

vs. prior month +6.36%

vs. prior year

$1.2B

+31.16%

Oct 2025

Jan 2019

vs. prior month -28.72%

vs. prior year +24.22%

Oct 2025

Jan 2019

Oct 2025

Recorded Sales

Avg PPSF

Avg Price

Dollar Volume

October 2025

603 108 Days on Mkt

Jan 2019

vs. prior month -10.93%

vs. prior year

$1,042

+48.89%

vs. prior month -3.19%

vs. prior year

$1.33M

+4.42%

Oct 2025

Jan 2019

vs. prior month -12.86%

vs. prior year

$799M

+10.70%

Oct 2025

Jan 2019

vs. prior month -22.38%

vs. prior year +64.82%

Oct 2025

Jan 2019

Oct 2025

Anil Jintoorkar

ASSOCIATE BROKER | Douglas Elliman O: 516.669.5615 | M: 516.669.5615 anil.jintoorkar@elliman.com

SINGLE-FAMILY Contracts Signed

Avg PPSF

Avg Price

Dollar Volume

October 2025

9 207 Days on Mkt

vs. prior month +125.00%

vs. prior year

$2,337

0.00%

Jan 2019

vs. prior month +58.12%

vs. prior year

$16.55M

+77.20%

Oct 2025

Jan 2019

vs. prior month +208.08%

vs. prior year

$149M

+176.44%

Oct 2025

Jan 2019

Oct 2025

vs. prior month +593.18%

vs. prior year +176.44%

Jan 2019

Oct 2025

New Listings

Avg PPSF

Avg Price

Dollar Volume

October 2025

vs. prior month +16.67%

vs. prior year

$2,100

+40.00%

Jan 2019

vs. prior month -9.61%

vs. prior year

$12.81M

+18.13%

Oct 2025

Jan 2019

vs. prior month -1.43%

vs. prior year

$359M

+7.13%

Oct 2025

Jan 2019

vs. prior month +14.99%

vs. prior year +49.99%

Oct 2025

Jan 2019

Oct 2025

Recorded Sales

Avg PPSF

Avg Price

Dollar Volume

October 2025

11 153 Days on Mkt

Jan 2019

vs. prior month 0.00%

vs. prior year

$1,654

-26.67%

vs. prior month -11.26%

vs. prior year

$10.49M

-14.29%

Oct 2025

Jan 2019

vs. prior month -6.27%

vs. prior year

$115M

+42.39%

Oct 2025

Jan 2019

vs. prior month -6.27%

vs. prior year +4.42%

Oct 2025

Jan 2019

Oct 2025

Anil Jintoorkar

ASSOCIATE BROKER | Douglas Elliman O: 516.669.5615 | M: 516.669.5615 anil.jintoorkar@elliman.com

MULTI-FAMILY Contracts Signed

Avg PPSF

Avg Price

Dollar Volume

October 2025

9 212 Days on Mkt

vs. prior month +800.00%

vs. prior year

$1,365

+50.00%

Jan 2019

vs. prior month +167.05%

vs. prior year

$6.04M

+94.33%

Oct 2025

Jan 2019

vs. prior month +209.54%

vs. prior year

$54M

+76.36%

Oct 2025

Jan 2019

vs. prior month +2685.85%

vs. prior year +164.54%

Oct 2025

Jan 2019

Oct 2025

New Listings

Avg PPSF

Avg Price

Dollar Volume

October 2025

vs. prior month +60.00%

vs. prior year

$1,209

+6.67%

Jan 2019

vs. prior month -18.68%

vs. prior year

$6.46M

-8.73%

Oct 2025

Jan 2019

vs. prior month +30.30%

vs. prior year

$103M

-6.03%

Oct 2025

Jan 2019

vs. prior month +108.47%

vs. prior year +0.24%

Oct 2025

Jan 2019

Oct 2025

Recorded Sales

Avg PPSF

Avg Price

Dollar Volume

October 2025

10 127 Days on Mkt

Jan 2019

vs. prior month +11.11%

vs. prior year

$1,072

+100.00%

Oct 2025

vs. prior month +14.02%

vs. prior year

$4.13M

-13.25%

Jan 2019

vs. prior month -8.86%

vs. prior year

$41M

-7.03%

Oct 2025

Jan 2019

vs. prior month +1.27%

vs. prior year +85.94%

Oct 2025

Jan 2019

Oct 2025

Source: UrbanDigs.com

All Manhattan Market Snapshot Exclusively Prepared by: Anil Jintoorkar

Pricing Penalty

Price Per Square Foot

Median Sale Price

Median Discount >120 Days In September

October Median Price Per Sft

October Median Sale Price

PREMIUM

+1 pts vs prior month

11%

0 pts vs prior year

-1.4% vs prior month

$1,308

-6.8% vs prior year

+0.3% vs prior month

$1.1M

-3.9% vs prior year

Median Listing Discount

Discount To Dom

Monthly Closed Sales

October Median Discount

Median Discount Under 30 Days In Q3

October Sales Volume

+0.1 pts vs prior month

4.4%

-0.3 pts vs prior year

0% vs prior quarter

0% vs prior year

Months Of Inventory

Sales Over Asking Price

Absorption Rate As Of October

Sold Above Ask In August

+6.6% vs prior month

6.5

-9.7% vs prior year

-0.1 pts vs prior month

12.4%

+1.1 pts vs prior year

Anil Jintoorkar (Douglas Elliman Real Estate) Email: anil.jintoorkar@elliman.com Phone: 917 568 3041

Douglas Elliman Real Estate

-27.9% vs prior month

832

-18.7% vs prior year