Manhattan’s luxury housing market just saw its first quarter first in 6 years

The stock market may be declining, but Manhattan’s ultra-luxury housing market is looking better than it has since.

This is the judgment according to the market reports from the New York City brokerage, compiled and reported by CNBC. Manhattan’s ultra-high real estate market for Manhattan’s real estate with properties in the north of $ 20 million-has its first best trimester in six years, according to a COMPASS cited report. Those with very deep pockets tend to buy units in all cases; 58% of the quarterly sales were made in cash, with valuable units about $ 3 million, viewing 90% of sales from cash.

Those who know in the Manhattan luxury market, as the agent of Keller Williams Nicole Gary, say the rise is impossible to ignore. After a quiet 2024, the question among ultra high customers in women.

“Things that have been sitting for a long time started moving,” Gary, who runs Nicole Gary’s team at Keller Williams NYC, Tod the Post.

Gary said high -level limited inventory and client’s desire to move money from financial markets to real estate play a lot in the last wave.

“People always think that Manhattan Real Estate is a safe bet. It’s a protection against inflation, and it’s a place where people feel when you know that the stock market is unstable,” Gary said. “This is what we have seen in recent months is a bit of instability with tariffs and everything that is happening politically. People are taking the opportunity to buy these trophy units in Manhattan.”

The city’s general market is showing early strength, too. Manhattan closed sales in the first quarter of 2025 exceeded last year’s quarter sales by nearly 29%, according to a report by Miller Samuel and Douglas Elliman. There were 2,560 quarter sales, from 1,988 a year ago. The total value of apartment sales reached $ 5.7 billion, 56% in the same quarter in 2024.

That was said, that’s all running from the highest end of the market. Compass data show that cut sales over $ 5 million increased by 49% year by year.

It is a market of buyers, even along the row of billionaires, and ultra high-net women are taking the opportunity to improve.

The increasingly strict office mandates in Wall Street and beyond are returning high winners to Manhattan’s folding. The CNBC report also mentioned “the transfer of great property”, the constant transfer of trillion dollars from the generation of children’s boom to their lucky offspring, as the movement of real estate needs.

But bullshit numbers do not reflect the whole picture. Jonathan Miller, CEO of Miller Samuel, told CNBC that the first quarter of 2024 was atypically slow. Instead, Miller is incorporating 2025 as “the year of returning to normal”, according to his report.

However, what is clear is that the luxury market is “keeping the team” this year. CNBC reported that medium market sales between $ 1 million and $ 3 million remain.

“I think buyers in that rank work more than ultra high customers in women,” Gary the post told the post. “They’re struggling with ‘Where are the economy going has a good time to invest?”

Interesting buyers at $ 10 million plus or $ 20 million plus Condos usually owned multiple houses, and they are often paying in cash, so they are less dangerous than your average homeowner owner.

The end of the year 2024 of the Compass in the ultra-luxury market predicted an increasingly competitive market by 2025, especially as the reality of the low ultra-luxury inventory meets an increasing tendency of private ultra-exclusive lists.