Manhattan Luxury Sector Update: $4M+ Segment

Manhattan Luxury Sector Update: $4M+ Segment

October 2025

Key Indicators and Trends

• In the latest week reported, the $4M+ market recorded approximately 27 contracts signed, indicating a clear rebound in activity after the summer slowdown.
  
  

• The 30-day rolling total sits at approximately 65 contracts, which reflects a 25 percent decline from the same period last year.

New listings in the $4M+ segment rose roughly 46 percent week-over-week, totaling about 274 new listings over 30 days. Despite the spike, this is still 3 percent lower year-over-year.

The ultra-luxury tier ($10M+) remains particularly slow, with only 2 contracts reported in the most recent week, representing about 8 percent of activity and far below last year’s pace.

What It Means

• The $4M+ luxury market is active but measured. Buyers are showing interest, but urgency has softened.
  
  

• Listing volume has improved, giving buyers more selection and slightly more room to negotiate.
  
  

• Properties that are well-located, move-in ready, and priced appropriately are moving faster than those needing work or overreaching on price.
  
  

• The ultra-luxury segment is lagging behind, with fewer buyers in that tier and longer decision cycles.
  
  

• For sellers, pricing accuracy and strong presentation remain essential to attract serious buyers.
  
  

• For buyers, the current environment presents windows of opportunity, but it would be a mistake to assume across-the-board softness.