Manhattan Luxury Contracts Dip, Market Still Hits High Price
- Last week, luxury contracts in Manhattan dipped to 12 deals for homes asking $4 million or more, the lowest since September.
- Despite the decrease in contracts, the market still achieved a high price.
Important Points
Manhattan Luxury Contracts Slow Down
Manhattan’s luxury real estate market experienced a slowdown last week, with just 12 contracts signed for homes asking $4 million or more, according to Olshan Realty’s weekly report. This dip in contracts marks the lowest total since late September. However, despite the decrease in the number of deals, the market still managed to achieve a high price.
Insights
As a real estate expert, I understand the importance of staying informed about the latest trends and developments in the housing market, such as the recent dip in luxury contracts in Manhattan. It is essential to keep an eye on fluctuations in the market, as they can provide valuable insights into the current state of the real estate industry and help inform future decisions for both buyers and sellers.
When looking to buy a home or sell a home in any city, working with an experienced real estate agent who understands the local market and the unique opportunities it offers is crucial. By staying informed about the latest trends and developments in the housing market, you can make well-informed decisions that align with your preferences and needs.
Orginal article: Link To Article – provided by Kansas City Realtors
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