Buyers signed 45 contracts for Manhattan homes asking $4 million or more between November 2 and November 8, 2026, according to the Olshan Luxury Market Report. Olshan called it the biggest week of the year, 11 contracts ahead of the week before. The asking prices added up to about $450 million, the highest weekly dollar volume the report has recorded since the week of November 15 to 21, 2021.
One week is a snapshot, and we would not build a forecast on it. It still tells a buyer above $4 million a good deal: where the signings clustered, how far sellers had come down before a deal happened, and how long those homes sat first. Here is what Olshan and CityRealty reported, and how we read it.
For the quarterly numbers behind this week, see our Manhattan ultra-luxury market report.
At a glance
- Olshan counted 45 signed contracts at $4 million and above for November 2 to 8, 2026, the most of any week this year.
- Fourteen of them were asking $10 million or more. CityRealty, working from a separate data source, also counted 14 contracts at $10 million and up that week.
- Condos accounted for 34 of the 45, co-ops for 7 and townhouses for 4. Downtown took 27.
- The average discount from original asking price to last asking price was 10%, and the homes spent an average of 607 days on the market, per Olshan.
- Across all price points, CityRealty counted 237 Manhattan contracts with $726.3 million in combined asking prices, up 27% from the week before.
What the Olshan Report Counts
Olshan Realty has tracked Manhattan contracts at $4 million and above every week for 20 years. A contract enters the count when it is signed, at the home's last asking price. Those asking prices can differ from the eventual sale prices.
That matters for the headline number. The $450 million is a sum of asking prices, so read it as a measure of how much inventory found a buyer in seven days. Olshan's write-up puts the total at $449,475,990 and its summary table at $449,975,990. Either total makes this the report's highest weekly asking-price volume since November 15 to 21, 2021, when 67 contracts totaled a record $612.5 million.
CityRealty's weekly count uses Ondel listing data and covers every price point, so the two reports do not measure the same thing. They agree on direction. CityRealty's aggregate asking volume rose 27% week over week and ran 17% above the same week of 2025, and it attributed the jump to luxury contracts.
Where the 45 Contracts Landed
| Area | Condos | Co-ops | Townhouses | Total |
|---|---|---|---|---|
| Downtown | 24 | 1 | 2 | 27 |
| East Side | 2 | 6 | 0 | 8 |
| West Side | 5 | 0 | 2 | 7 |
| Midtown | 3 | 0 | 0 | 3 |
| Manhattan | 34 | 7 | 4 | 45 |
Source: Olshan Luxury Market Report, contracts signed November 2 to 8, 2026, at $4 million and above.
Downtown condos were more than half the week on their own. The 34 condos averaged a $10.5 million asking price at $3,352 per square foot, with an average size of 3,132 square feet. The seven co-ops averaged $8.6 million. The four townhouses averaged $8.2 million and $1,800 per square foot.
CityRealty's broader count shows the same tilt. Downtown led Manhattan with 40 condo contracts at a median of $2,308 per square foot, about 36% above the borough-wide condo median.
So the week looked very different depending on what you were shopping for. Downtown condos produced 24 luxury contracts. East Side co-ops above $4 million produced six. The report does not show how many offers each home drew, but those are two very different levels of activity.
The Top of the Week
The largest contract was a duplex condo on the 30th and 31st floors of a Central Park South hotel, last asking $70 million. Olshan identifies the seller as hotel and casino magnate Steve Wynn, who paid $70 million for it in 2012 and first listed it in 2022 at $90 million. A closing near $70 million would roughly match the 2012 purchase price in nominal dollars, before transaction and carrying costs.
The second-largest was a sponsor triplex penthouse in NoMad asking about $25.4 million. The $70 million duplex alone was about 16% of the week's asking volume. The other 13 contracts at $10 million or more did the rest of the heavy lifting.
The homes that went into contract averaged 607 days on the market, with an average reduction of 10% from original to last asking price.
What the Discount and Days on Market Say
Two Olshan figures deserve more attention than the contract count. The average discount from original ask to last ask was 10%. The average time on market was 607 days, about 20 months. For comparison, CityRealty's average across all Manhattan contracts that week was 95 days.
An average can be pulled up by a few very old listings, and Olshan does not publish the full spread. The reported average was still 607 days. The Central Park South duplex, for one, had been on and off the market since 2022 while its asking price fell from $90 million to $70 million.
We read the combination as encouraging. Buyers signed in volume, and they signed on homes whose asking prices had already moved. The agreed prices stay private until the deals close.
The Tax and Bonus Backdrop
The Real Deal's November 14 analysis pointed out that the week's numbers do not appear to reflect the chill some brokers predicted from the city's pied-a-terre tax. It also cautioned that it is unclear which of the buyers, if any, live outside New York City, and that some contracts could reflect owners selling second homes to avoid the tax. Both readings fit the same data. Our pied-a-terre tax page covers the tax itself.
Bonus season is the other piece. Reuters reported on November 10 that compensation consultant Johnson Associates expects Wall Street bonuses to rise for a third straight year. The Real Deal cited projected bonus increases of 20% to 30% in some sectors, paid in early 2027. These are projections. The Real Deal notes that Wall Street bonuses and New York luxury housing tend to move together.
What a Buyer Above $4 Million Should Take From This
- Read the count and the discount together. Last asking prices averaged 10% below original asking prices. The report does not disclose agreed prices or how many of the 45 homes were reduced, so the 10% measures average asking-price reductions only. Negotiated discounts are a separate number.
- Know which market you are in. Downtown condos saw 24 luxury contracts in a week. East Side co-ops saw six. Judging your room to negotiate also takes comparable sales, current inventory and the listing's own price history. Our co-op vs condo guide explains why the two property types behave differently.
- Look hard at listings older than a year. The week's average was 607 days on market. A home that has been reduced and has sat through two selling seasons is worth a closer look. Ask your broker for the full price history before you write a number.
- If you are already close, think about timing. If the bonus projections hold, we would watch for stronger demand in early 2027. None of these reports predicts buyer numbers, so weigh timing against the specific listing and your own readiness.
- Wait for the next few reports. Olshan's count was 34 the week before. Three or four weeks above 30 would mean something. One week at 45 could be a cluster of deals that happened to sign together.
Shopping above $4 million in Manhattan? We can help you review the available price history and days on market for listings you are considering. Message us on WhatsApp for a private, no-pressure conversation.
FAQ
How many luxury contracts were signed in Manhattan in the week of November 2 to 8, 2026?
Forty-five contracts were signed for homes asking $4 million or more, according to the Olshan Luxury Market Report. That was the highest weekly total of 2026 and 11 more than the previous week. Fourteen of the 45 were asking $10 million or more.
What is the Olshan Luxury Market Report?
It is a weekly report from Olshan Realty that counts signed contracts for Manhattan residential properties asking $4 million and above. It has run for 20 years. The figures reflect last asking prices, not completed sale prices.
Was this the biggest luxury week on record for Manhattan?
No. It was the biggest week of 2026 and the highest weekly dollar volume since November 15 to 21, 2021. That 2021 week holds the report's dollar-volume record: about $612.5 million in asking prices across 67 contracts.
Where in Manhattan did luxury buyers sign the most contracts?
Downtown. Olshan counted 27 of the 45 contracts there, including 24 condos. The East Side had 8, the West Side 7 and Midtown 3. Condos made up 34 of the 45 contracts overall.
Are Manhattan luxury sellers still discounting?
Yes, on average. The homes that went into contract that week had been reduced an average of 10% from their original asking price and had spent an average of 607 days on the market, per Olshan. The report gives asking prices. Completed sale prices can be checked once they become public.
The next Olshan report will show whether the pace held through the second week of November.
Related insights
- All-Cash Trophy Buyers in 2026
- What $5M to $100M Buys in Manhattan
- Manhattan or Miami? A 2026 Trophy Decision Framework
Sources: Olshan Luxury Market Report (contracts signed November 2 to 8, 2026); CityRealty (November 9, 2026); The Real Deal (November 14, 2026); Realtor.com; Reuters (November 10, 2026).
