Q2 2026 Market Report

Manhattan’s spring market delivered what the first quarter hinted was possible: a healthier, more liquid market, but not an indiscriminate one. Buyers returned with more conviction, inventory expanded, and pricing continued to firm, yet the market remained selective. This was not a rising-tide environment where every listing benefitted equally. Rather, the quarter rewarded homes that were well-priced, well-presented, and positioned clearly against their competition. The broader takeaway is constructive: Manhattan seems to be moving out of its post-pandemic sideways pattern, but the next leg higher is likely to be uneven and highly product specific.