Contract activity has risen 5.7% from the past month and 3.3% from this time last year, remaining 5% above typical seasonal levels. The median sales price for a Manhattan apartment is $1.17M, reflecting a 4.1% year-over-year increase. Supply, measured as the number of active listings, stands at 4,896 units, down 7.4% year over year. Pending sales have increased 8.5% compared to last year, signaling continued buyer engagement. As a result, the Market Pulse stands at 0.6, placing the market slightly towards the seller side but still in the neutral zone.

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