MANHATTAN

In Manhattan, 543 new listings entered the market last week, up 285.1% from the previous week and up 2.6% from the same week last year.

120 Manhattan contracts were signed last week, down 14.3% from the previous week and down 9.1% from the same week last year.

19 Manhattan contracts were signed at $4M and above last week. Condos outsold co-ops 13-4, with 2 townhouses in the mix.

Noteworthy new contracts last week were:

1.) 2 EAST 70TH STREET, MAISONETTE asking $22,500,000.

2.) 165 CHARLES STREET, 22 asking $8,250,000.

3.) 1 WALL STREET, M/BORN4801 asking $7,500,000.

The post-Labor Day supply wave arrived exactly on schedule. New listings surged 285% week-over-week to 543 — the single largest weekly total of 2026 — as sellers who held back over the holiday flooded back into the market. Active supply jumped 11.1% to 4,822, though it remains 20.7% below year-ago levels, so the fall reset is real but the market is still working from a smaller base than last September. Contract signings fell 14.3% to 120, and 30-day liquidity dropped 8.4% to 632. 

The luxury tier remains the slowest-moving: $4M+ contracts now carry a 139-day median days-on-market, the longest of any price band and up sharply from 123 days the week before. Sellers above $4M are increasingly negotiating on time, not just price. Geographically, the Upper West Side and Lenox Hill are showing the largest share of new post-Labor Day supply, historically averaging 169 and 155 new listings respectively in the first four weeks after the holiday.

The rate picture flipped again this week. Conforming rates rose 6 bps to 6.80% while jumbo dipped 2 bps to 6.79%, re-inverting the spread to -1 bps after last week’s brief normalization. That’s now the second time in recent weeks that jumbo borrowers have paid less than conforming borrowers — an unusual dynamic reflecting bank competition for high-net-worth lending. For Manhattan’s upper tiers, it’s a modest tailwind at a moment when luxury sellers otherwise need every advantage they can get.

BROOKLYN

In Brooklyn, 295 new listings entered the market last week, up 112.2% from the previous week and up 13.9% from the same week last year.

88 Brooklyn listings entered contract last week, flat with the previous week and down 22.8% from the same week last year.

Noteworthy new contracts in Brooklyn were:

1.) The townhouse at 181 BALTIC STREET in Cobble Hill, asking $5,695,000.

2.) 110 BOERUM PLACE, 203 in Boerum Hill, asking $4,950,000.

3.) The townhouse at 62 FT GREENE PLACE in Fort Greene, asking $4,250,000.

Brooklyn’s fall wave of new listings arrived even harder than Manhattan’s. New listings more than doubled week-over-week, up 112% to 295 — the biggest single Brooklyn listing week of 2026 — and unlike Manhattan, that supply is running 13.9% above last year’s pace, not below it. Active supply rose 5.1% to 3,345, nearly flat year-over-year, which means Brooklyn enters fall without the scarcity cushion Manhattan still has. 

Contract signings held essentially flat at 88, but 30-day liquidity fell 23.5% year-over-year to 403 — the sharpest demand erosion in the borough this year. The mix shift at the top is notable: $2M+ listings captured 24% of new supply this week, the highest share in recent memory, suggesting upper-tier Brooklyn sellers are also using the post-Labor Day window to test the market. 

Park Slope and Bedford-Stuyvesant are showing the largest share of new listings, historically averaging 67 and 55 new listings respectively in the four weeks following Labor Day.

_{Data for this report is deemed reliable at the time of collection, but is not guaranteed accurate. Data points were collected from ReSource and Urbandigs. Analysis and conclusions are subject to errors, omissions and revisions.}