Manhattan luxury sales rise to 4-month high

The Manhattan luxury real estate market experienced a significant uptick during the week of September 28–October 4, with 30 high-end property sales—including 13 above $4 million—marking a four-month peak. Condos led the market, with contracts averaging $9.3 million, and the spike is partly attributed to the temporary pause on a new pied-à-terre tax and increased autumn activity. Despite limited inventory and rising interest rates, demand remains strong among buyers leveraging stock gains and anticipating year-end bonuses.

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