Reported about 13 hours ago
Manhattan's luxury real estate market saw a notable increase in sales at the end of the year, with a 3.7% rise in luxury apartment sales, despite a 10.7% decrease in overall luxury deals. Affluent buyers, buoyed by stock market gains and the outcome of the presidential election, have accepted the 'new normal' of higher interest rates. The surge in buyer activity coincided with a drop in luxury housing inventory, resulting in median sales prices rising by 6.5% annually.
Source: YAHOO