It’s time for the NYC monthly sales market update! Here’s a look at some key numbers for July 2026 in Manhattan and Brooklyn. 

To view the full NYC sales market monthly update for July 2026, click here. And to view stats for the previous month, click here.

Manhattan

In Manhattan, there was a large month over month decline for signed contracts which wasn’t too surprising. Summer tends to be a slower season for sales here in NYC. But the year over year figure did raise some eyebrows. Signed contracts were up 5% compared to last year this time. That could be a signal that the Manhattan sales market may have more steam this year. 

Price per square foot was down on a year over year basis in the borough. This also wasn’t too surprising since there were fewer high end luxury sales compared to the prior month and year. 

Inventory also raised some eyebrows with some interesting trends. Since summer is a slower sales season, it’s normal for sellers to take listings off the market or wait until after Labor Day to list. So the month over month declines posted were right in line with that expectation. But there was also a year over year decline which could indicate that a more fundamental shift in the market may be happening. 

Brooklyn

For the month of July, Brooklyn had a really strong performance. Contracts signed not only increased month over month. They catapulted compared to the prior year. 

The reason was likely due to improved inventory. Listings were down compared to June, as some sellers decided to take their properties off the market and inventory got snatched up. But the number of properties available for sale was quite a bit higher than it was last year this time. 

Having more options after such a long time of seeing the Brooklyn market be constrained was encouraging to buyers, even in a higher interest rate environment. And having to pay higher rents these days probably pushed some towards buying as well. 

As far as price per square foot – it was down slightly in the borough compared to the prior month but up compared to the prior year. 

What’s Next for the Market

We should anticipate even more of a slow down for the month of August. The deeper we get into summer, the quieter the market tends to be. I think Manhattan is more likely to follow typical seasonal trends. But we may continue to see year over year increases for signed contracts. Brooklyn, however, may actually buck the trend, if July’s numbers are any indication of actual market momentum. We’ll have to wait and see. 

***

If you’re thinking of trying to own your slice of the Big Apple, make sure you’re prepared! Get pre-approved! Understand your finances! And get my FREE First Time Buyer’s Guide!