Market Update
Manhattan finished the third quarter busier than it has been in years. Corcoran recorded 3,625 closed sales, up 9% and the strongest third quarter since 2022. The median sale price reached $1.25 million, a record for a third quarter.
Apartments are also selling faster: average days on market fell to 90, 13% quicker than a year ago.
The number to watch is contracts. Signed contracts fell 6% year over year, which may mean a somewhat softer fourth quarter for closings. Much of that comes down to supply rather than demand. New-development supply is at a ten-year low, and only 361 new condo units came to market in the first three quarters of 2026. That is about to change: more condo launches are expected this quarter than in any quarter in six years.
What it means. If you're selling, well-priced apartments are still trading quickly, but the cooler contract count is a reason to price right from day one rather than test the market. If you're buying, new inventory and the quieter holiday weeks can give you more choice and more room to negotiate than you'll find in the spring.
Property Update:
Sold and In Contract Listings
It's been a busy fall for the team: five of our listings from the West Village to the Upper East Side have closed or gone into contract. Two of them were in our September inventory.
SOLD
350 Bleecker Street, Residence 6N —
West Village · $1,490,000 · 1 Bed · 1 Bath
A renovated top-floor one-bedroom with Empire State Building views and a landscaped roof garden one flight up.
162 East 80th Street, Residence 7C —
Upper East Side · $1,800,000 · 2 Bed · 2 Bath
A two-bedroom, two-bath home on a classic Upper East Side block between Lexington and Third.
77 West 55th Street, Residence 16A —
Midtown · $505,000 · Studio · Approx. 400 SF
A studio in a doorman condo with a shared roof deck, ideal as a first home or a pied-à-terre.
IN CONTRACT
440 East 62nd Street, Residence 20E —
Lenox Hill · $995,000 · 2 Bed · 2 Bath · Approx. 1,000 SF
A top-floor two-bedroom with East River and bridge views, in contract 15 days after listing.
1160 Third Avenue, Residence 3D —
Lenox HillI · In Contract · $515,000 · 1 Bed · 1 Bath
A one-bedroom at the Frost House with an open kitchen, a king-size bedroom and generous custom closets, around the corner from the 6 train.
219 West 81st Street, Residence 11G —
Upper West Side · $2,249,000 · 2 Bed· 2 Bath · Approx. 1,006 SF
A gut-renovated two-bedroom with herringbone oak floors and central air in a full-service condo off Broadway.
170 East 77th Street, Residence 6A —
Upper East Side · Buyer Representation · $3,595,000 · 4 Bed · 4 Bath · Approx. 2,547 SF
A loft-like four-bedroom with beamed ceilings and a windowed chef’s kitchen in a prewar condo with a landscaped roof deck.
201 East 25th Street, Residence 10D —
Kips Bay · Buyer Representation · $950,000 · 2 Bed · 1 Bath · Approx. 850 SF
A renovated two-bedroom on a southeast corner, with open city views, in a full-service co-op near Gramercy Park.
Celebrating Diwali in NYC
Diwali celebrates light over darkness and new beginnings. It’s also, fittingly, a holiday about home. In the days leading up to it, families traditionally clean their homes from top to bottom, freshen them up, and decorate doorways with colorful rangoli and rows of glowing lamps to welcome Lakshmi, the goddess of prosperity and good fortune. Sweets get shared with neighbors, new clothes come out, and every window is lit. We can’t think of a better reminder that what makes a house a home is the people you fill it with.
The holiday itself falls on Sunday, November 8, with festivities running from Friday the 6th through Tuesday the 10th. If you want to keep the celebration going, Tamarind Tribeca is serving a special Diwali feast through the weekend, and Musaafer has a limited-edition box of modern mithai that makes a lovely hostess gift.
To everyone marking the holiday, we wish you a bright, sweet, and prosperous new year. Happy Diwali!
Peak Color, From Your Front Door
Fall foliage never looked so good
Manhattan's leaves turn later than upstate. The city typically runs two to four weeks behind the mountains, because buildings hold heat overnight and shade the parks during the day. That means the best color is happening now, usually deepest in the first two weeks of November. A few places to see it before it's gone:
Central Park. Try the elms along the Mall, the woodland of the Ramble, and the reflections at the Pond and the Lake. Bow Bridge and Bethesda Terrace are the classic photographs. Before you go, check the Central Park Conservancy's foliage map, which tracks color landscape by landscape.
Fort Tryon Park and the Met Cloisters. In September we pointed you to Linden Terrace for its view across the Hudson to the Palisades. This is the week that view pays off.
Roosevelt Island. From the middle of the East River, you see the color with the Manhattan skyline behind it. The tram ride is part of the fun.
The New York Botanical Garden. Its 50-acre Thain Family Forest is the largest uncut stretch of the city's original woodland, and the garden leads foliage tours in late November.
Prospect Park. Longtime leaf-watchers rank it among the best places in the city to see the color.
One tip: peak color doesn't last. A single rainy, windy night can strip an exposed tree, so if the forecast shows a clear day, go that day.
