NYC Luxury Market Watch: Week of October 26, 2026

Manhattan's luxury market had a busy week of October 26 to November 1, with 34 contracts signed above $4 million for a combined $305,153,875. The week's highest contract was the full floor penthouse PH1 at 111 Murray Street, in contract at an asking price of $33,950,000.

The trend

That follows the week of October 19 to 25, which closed 36 contracts for $291,840,000: two fewer contracts this week, but $13,313,875 more in total volume.

One deal cleared $20 million this week, and 3 of the 34, 9 percent, were in new developments.

Top 5 deals of the week

1. 111 Murray Street, PH1

$33,950,000 · 5 BD, 6.5 BA, 7,675 SF

A full floor penthouse of 7,675 square feet with 5 bedrooms, 6.5 bathrooms, a 66 foot great room and two terraces facing the Hudson and East Rivers, in a Tribeca tower with 20,000 square feet of amenities. Once asking $45 million, it went to contract at an asking price of $33.95 million.

2. 71 Murray Street, PH

$18,500,000 · 4 BD, 4.5 BA, 6,312 SF

3. 19 East 92nd Street

$16,950,000 · 5 BD, 6 BA, 5,225 SF

4. 200 East 75th Street, PH1

$16,850,000 · 5 BD, 5.5 BA, 4,230 SF

5. 50 West 66th Street, 17F

$15,995,000 · 5 BD, 5.5 BA, 4,445 SF

The Elevated take

Total Manhattan inventory stands at 6,081 listings, down 8.7 percent from a year ago, and slipping week over week.

The bigger story this week is that the fall rebound has real momentum. Back to back weeks of 36 and 34 signed contracts put the past four weeks at 123 deals and roughly $989 million in asking volume, a strong run after a sluggish September.

The Upper East Side beat Downtown 17 to 12, its 10th win of the year, and condos outsold co-ops 17 to 12. Listings above $4 million have eased to 1,206 from a mid October high of 1,226, a sign that buyers are absorbing fall supply faster than it is being added.

Pricing is still doing the heavy lifting, though. The week's top deal, the full floor penthouse at 111 Murray Street, went to contract asking $33,950,000 after first coming to market at $45 million, and the average discount from original ask jumped to 13 percent from 5 percent the week before.

For sellers, the takeaway is that buyers are back in force, but they are rewarding listings priced to today's market rather than last year's expectations.

Work with Elevated

Elevated advises buyers and sellers across Manhattan's luxury market, with $2B+ in lifetime closings including $750M+ sold off-market. Get in touch or reach Zeve Salman directly at 917-607-1331.