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OLSHAN LUXURY MARKET REPORT
May 26-June 1, 2025
Twenty-nine contracts were signed last week in Manhattan at $4 million and above, 26 fewer than the previous week, which was the strongest week seen since November 2021. Condos outsold co-ops, 13-7, with 1 condop and 8 townhouses in the mix

Stat Geek Alert I: As the song says, it was the merry month of May. The S&P 500 logged its best May since 1990 and its best month since 2023, rising 6.2%. Its performance likely spilled into the luxury residential market. Manhattan ended up with 183 contracts signed at $4 million and above, the second-best May since we started keeping track in 2006. The best? May 2021 when 187 contracts were signed.

Stat Geek Alert II: Eight townhouses went to contract, the highest total since March 27-April 2, 2023, when 8 contracts were also signed.

The No. 1 contract was a mansion townhouse at ...

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