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Manhattan Real Estate Activity | February 2026

Manhattan Real Estate Activity | February 2026

POWER STAT: February ended with 123 signed contracts above $4M compared to 114 contracts in February 2025. The big difference was the dollar volume: $1.4B (avg. price: $11.2M) in Feb. 2026 compared to $955M (avg. price: $8.4M) in Feb. 2025.

February felt sluggish with snowstorms and tight inventory, but the super luxury ($10M+) segment posted a record-breaking month.

With 40 contracts signed, this is the highest February total of the past decade, doubling last year's count of 20.

Inventory is still tight, and move-in ready properties continue to steal the show.
Multiple offers are reappearing in select segments, while other areas continue to require patience and precise pricing.
Buyers remain highly price-sensitive, and sellers coming back to market are adjusting expectations accordingly.

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