What’s happening in
Manhattan real estate
Condo buyers’ median discount off asking fell to 3.03%, down from 5.41% in August.
Hi, I’m Frank. People often ask me what is really going on in the Manhattan market, so here is a clear look at September’s signed contracts. Whether you’re buying, selling, or just keeping an eye on things, I hope it’s useful.
Enter to win dinner at French LouieWhat it means
Fewer deals are getting done than a year ago, but prices are holding firm. Co-op contracts were down 25.7% and condo contracts down 20.3% from last September, while the median co-op price rose 3.1% and the average condo price rose 14.8% over the same period. Buyers are also negotiating less: discounts off asking narrowed for both co-ops and condos from August.
Curious about your own home?
Ask me anytime. I’m happy to talk through what’s happening in your building or neighborhood, with no pressure.
Win dinner at French Louie
Enter to win a $200 gift card to French Louie, a favorite spot in my home neighborhood of Boerum Hill, Brooklyn. The drawing is November 20.
Enter the drawingNo purchase necessary. One entry per person. Must be 18+. Winner drawn November 20, 2026 and notified by email and phone; if the winner does not respond within 7 days, an alternate will be selected. Prize: one $200 gift card to French Louie. Not sponsored or endorsed by French Louie. By entering, you agree to be contacted by Frank Cogliano of Douglas Elliman about real estate.