Less than one week remains in November 2025, and that includes the Thanksgiving holiday on November 27. For this reason, the number of Manhattan contracts signed in November 2025 will likely fall short of the previous year. The week of November 17-23, 2025 did not help, showing a week-over-week drop in terms of either the number of contracts signed or aggregate dollar amount. However, this did not represent a precipitous dip, and new development condos continued to perform well.

Manhattan Residential Contracts from November 17-23, 2025

Over the third week of November 2025, Manhattan recorded 182 apartment and townhouse contract signings, a 5% week-over-week decline. The deals represent nearly $440 million in potential sales based on last asking prices, a slight dip in dollar volume from the previous week. The median last asking price fell 14% to $1.2 million, while average days on market edged down to 101.

‍Aggregate sales and median prices are based on each unit's last publicly displayed asking price before contract signing. The percent change is compared to the prior week.

Source: CityRealtyGet the dataCreated with Datawrapper

The 74 (CityRealty)

On the Upper East Side, the penthouse at The 74 entered contract with a $25 million ask in the week's highest-priced new development deal and third-highest overall. If it closes for this price by the end of the year, it would be the year's highest-priced sale in Lenox Hill, edging out a $16.5 million floor-through condo sale at Bristol Plaza in May 2025. It would also be 2025's ninth-highest sale on the entire Upper East Side if it closes this year.

It is entirely possible the penthouse could close in 2025, as The 74 is now open for immediate occupancy. The building is now two-thirds sold, and current public availabilities range from a two-bedroom asking $3 milion to a four-bedroom townhouse unit with private garden and rooftop terrace asking $14.5 million.

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