March 2025 Manhattan Market Insights

March 2025 Manhattan Market Insights

 

Manhattan just saw its largest weekly influx of new listings for 2025, adding 42%, or 1753 new properties to supply, expanding buyer options as demand picks up.

Signed contracts rose 12% year-over-year and 33% since last month, hitting its highest weekly total of 2025. More significantly, this was the first week all year that Manhattan’s contract volume meaningfully exceeded the same week’s level in 2024, reinforcing renewed buyer confidence.

Contract signings at $10M or more have cooled since the atypical Q4 surge after the election. While still above rolling seasonal averages at 21 contracts signed, we expect to see an increase at this price point as we move into April and May.

The Manhattan townhouse market similarly reached its seasonal lows last month, and we have started to see an increase in signings in the last week. Look out for our newest Townhouse Report coming soon!

 

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