Despite all the noise about mayoral election uncertainty, interest rates, and global instability, Manhattan’s luxury market is doing what Manhattan always does: quietly outperforming expectations.
According to the latest Olshan Realty report, the past three weeks have seen one of the strongest streaks of $4M+ contract activity in recent years. Despite policy jitters and economic hand-wringing, buyers are back and they’re buying decisively: 98 contracts totaling nearly one billion dollars compared to less than $600 million last year.
The Smart Money Isn’t Waiting
Markets don’t care about feelings; they care about fundamentals. And the fundamentals of New York luxury real estate remain clear: constrained supply, global demand, and enduring brand equity in the world’s most resilient city.
While some sit on the sidelines waiting for “clarity,” the high-net-worth class is executing by acquiring prime assets that are not just homes, but stores of value. This isn’t speculation; it’s strategy.
Manhattan Doesn’t Blink
If you’re measuring the health of the market by headlines, you’ll miss the story. The real data shows strength, velocity, and confidence — a reminder that uncertainty often creates opportunity.
Whether it’s the election, interest rates, or whatever the next “crisis” may be, Manhattan doesn’t panic. It adapts, evolves, and keeps moving forward — just like the people who invest in it.
Experience. Analysis. Results.
The next move is yours.
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