Manhattan Weekly Contracts Signed — Week Ending June 6, 2026

Manhattan's contract market posted a decisive rebound the week ending June 6, 2026. Total signed contracts reached 240 — up 20% from the prior holiday-shortened week and 11% above the same week one year ago. The data, sourced from the REBNY RLS, signals continued buyer conviction across nearly every segment of the market as the spring selling season extends into early summer.

Co-op apartments led the charge with a 32% weekly surge, while the East Side posted the most dramatic neighborhood jump at 63%. The only soft spot was the $5M+ tier, which pulled back 14% from the prior week — though it remained flat versus one year ago, underscoring the resilience at the ultra-luxury level. For a broader view of market momentum, see our Manhattan Luxury Market Report Q1 2026 and our full NYC market analysis hub.

Contracts by Property Type: Co-ops Surge, Condos Hold Steady

Co-op apartments accounted for 140 signed contracts this week — 58% of total activity — surging 32% from 106 the prior week and running 13% ahead of the 124 recorded one year ago. Condos added 100 contracts, a 6% week-over-week gain and 8% above year-ago levels. New development contributed 32 contracts, up 23% from last week and 19% higher than this time in 2025.

The co-op surge is notable. Coming off a holiday-shortened Memorial Day week, the bounce-back in co-op activity suggests pent-up demand from buyers who paused over the long weekend. The strong year-over-year comparison (+13%) also indicates that underlying co-op demand is genuinely healthier than this time last year. For buyers weighing ownership structures, our condo vs. co-op buyer's guide breaks down what this activity means for pricing and selection.

Contracts by Price Category: Mid-Market Drives the Gains

The $3M–$5M tier was the standout performer this week, with 29 contracts signed — a 61% weekly increase from 18 the prior week and exactly matching the year-ago count for a 61% yearly gain. The $2M–$3M segment also impressed, rising 41% week-over-week to 38 contracts. The only price category to decline was the $5M+ tier, which fell 14% to 18 contracts, though this remains on par with year-ago levels.

The strength in the $2M–$5M range reflects a buyer pool that has largely adjusted to today's interest rate environment and is transacting with conviction. The sub-$1M segment, while the most active by volume at 95 contracts, grew at a more measured 20% pace — consistent with its role as the broadest and most stable tier of the Manhattan market. Our 2026 NYC real estate market forecast provides additional context on how these price segments are expected to perform through year-end.

Neighborhood Activity: East Side Leads, Midtown Softens

The East Side was the week's headline neighborhood story, with 65 contracts signed — a 63% weekly surge from 40 the prior week. While this represents a 7% year-over-year dip, the weekly rebound suggests considerable pent-up activity in one of Manhattan's most sought-after corridors. South of 14th Street posted 49 contracts, up 23% on the week and 40% above year-ago levels, reflecting continued demand strength in Downtown Manhattan.

Midtown was the only major neighborhood to post a meaningful decline, falling 19% to 34 contracts — and sitting 3% below year-ago pace. The 14th–34th Street corridor was a bright spot with a 42% weekly jump and a matching 42% year-over-year gain, signaling continued momentum in the Flatiron, Chelsea, and NoMad markets. Upper Manhattan dipped 17% on the week but remains flat year-over-year at 10 contracts.

Average Asking Prices: Where Values Are Moving

Average asking prices were mixed this week. Resale asking prices dipped 7% to $1,972,754 — down 8% year-over-year — while new development asking prices rose 4% to $3,488,750, now running 8% ahead of last year. The sharpest moves came at the neighborhood level, where the 14th–34th Street corridor saw average asking prices jump 82% week-over-week to $2,511,135, and Upper Manhattan rose 36% to $1,012,300.

The South of 14th Street average asking price dropped 25% week-over-week to $2,956,837 — though it remains 19% below year-ago levels, suggesting a mix shift toward lower-priced units transacting in that corridor rather than a true value decline. The $5M+ tier showed the most interesting dynamic: volume fell 14% but average asking prices rose 8% to $9,637,059, indicating that the deals that did transact skewed toward the higher end of that range. For a deeper look at how interest rate conditions are shaping luxury pricing, see our analysis of how interest rates are reshaping NYC luxury real estate.

Full Contract Data — Week Ending June 6, 2026

Number of Contracts Signed

• •Resale: 208 | Prior week: 174 (+20%) | Year ago: 190 (+9%)
• •New Development: 32 | Prior week: 26 (+23%) | Year ago: 27 (+19%)
• •Condos: 100 | Prior week: 94 (+6%) | Year ago: 93 (+8%)
• •Co-ops: 140 | Prior week: 106 (+32%) | Year ago: 124 (+13%)
• •Less than $1 million: 95 | Prior week: 79 (+20%) | Year ago: 86 (+10%)
• •$1M–$2M: 60 | Prior week: 55 (+9%) | Year ago: 64 (–6%)
• •$2M–$3M: 38 | Prior week: 27 (+41%) | Year ago: 31 (+23%)
• •$3M–$5M: 29 | Prior week: 18 (+61%) | Year ago: 18 (+61%)
• •Greater than $5M: 18 | Prior week: 21 (–14%) | Year ago: 18 (0%)
• •East Side: 65 | Prior week: 40 (+63%) | Year ago: 70 (–7%)
• •West Side: 45 | Prior week: 40 (+13%) | Year ago: 41 (+10%)
• •Midtown: 34 | Prior week: 42 (–19%) | Year ago: 35 (–3%)
• •14th–34th Street: 37 | Prior week: 26 (+42%) | Year ago: 26 (+42%)
• •South of 14th Street: 49 | Prior week: 40 (+23%) | Year ago: 35 (+40%)
• •Upper Manhattan: 10 | Prior week: 12 (–17%) | Year ago: 10 (0%)

Average Asking Price

• •Resale: $1,972,754 | Prior week: $2,127,136 (–7%) | Year ago: $2,132,866 (–8%)
• •New Development: $3,488,750 | Prior week: $3,345,400 (+4%) | Year ago: $3,224,270 (+8%)
• •Less than $1M: $668,653 | Prior week: $654,630 (+2%) | Year ago: $676,358 (–1%)
• •$1M–$2M: $1,451,815 | Prior week: $1,479,607 (–2%) | Year ago: $1,495,927 (–3%)
• •$2M–$3M: $2,442,710 | Prior week: $2,532,959 (–4%) | Year ago: $2,568,865 (–5%)
• •$3M–$5M: $3,782,379 | Prior week: $3,828,056 (–1%) | Year ago: $3,738,611 (+1%)
• •Greater than $5M: $9,637,059 | Prior week: $8,891,095 (+8%) | Year ago: $10,636,889 (–9%)
• •East Side: $2,027,846 | Prior week: $2,266,770 (–11%) | Year ago: $2,444,613 (–17%)
• •West Side: $1,731,622 | Prior week: $2,090,850 (–17%) | Year ago: $2,043,049 (–15%)
• •Midtown: $1,891,762 | Prior week: $1,904,200 (–1%) | Year ago: $1,717,457 (+10%)
• •14th–34th Street: $2,511,135 | Prior week: $1,377,885 (+82%) | Year ago: $1,625,731 (+54%)
• •South of 14th Street: $2,956,837 | Prior week: $3,952,350 (–25%) | Year ago: $3,652,229 (–19%)
• •Upper Manhattan: $1,012,300 | Prior week: $741,825 (+36%) | Year ago: $720,400 (+41%)

If you are actively buying or selling in Manhattan, this week's data reinforces that the market is moving — particularly in the $2M–$5M range and across East Side and Downtown corridors. Browse our current exclusive listings or reach out directly to discuss how these trends apply to your specific situation.