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Manhattan Luxury Home Contracts Topping Their Pre-Pandemic Pace
- Discounts and optimism for the city’s comeback luring buyers
- Deals so far this year are up 60% from the same period of 2020
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Contracts to buy Manhattan luxury homes are outpacing their pre-pandemic levels thanks to discounts and optimism about New York City’s reopening a year after the lockdown.
Last week, 41 deals were signed for homes priced at $4 million or more, bringing the year-to-date total to 343, according to a report Monday by brokerage Olshan Realty. That’s a 60% increase from 215 contracts in the same period of 2020.