Manhattan’s Luxury Market Surges to 10-Month High with $422M in Contracts

Manhattan's luxury market recorded 43 contracts over $4M last week, totaling $422M. Top deals include Extell’s 50 West 66th and the Waldorf Astoria Residences.

By: AXL Media

Published: Mar 10, 2026, 6:50 AM EDT

Source: The Real Deal

Market Composition and Velocity

The week’s activity showed broad strength across various property types, with a notable resurgence in the co-op sector:

Condos: 23 contracts

Co-ops: 15 contracts (the highest weekly total since November 2021)

Townhouses: 5 contracts

The median asking price for these luxury homes stood at $6 million, while buyers secured an average discount of 9% off the original asking prices.