08/18/2026
Manhattan has entered seller’s-market territory for the first time in a very long time.
That is the headline. Here is the fine print: sellers still cannot name any price they please.
Manhattan apartment inventory has fallen sharply, creating more competition among buyers and shifting the market in the seller’s favor. But contract activity is not yet at the level that signals a truly strong market, and price reductions remain common.
In other words, this is a seller’s market—but it is not an irrational one.
For sellers, correct pricing, professional presentation, and strategic marketing matter more than ever. For buyers, the current shortage may make negotiations more challenging, but shopping before the fall inventory arrives could present opportunities.
Watch my latest Manhattan real estate market update for the numbers behind this important shift.
If you are thinking about buying or selling a Manhattan condo, co-op, or apartment, I would be happy to help you understand what this market means for your specific situation.
Julian Hutter
Compass | Associate RE Broker
Remember—Who You Work With Matters!
📱 Text to connect: 917-701-0509
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