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Manhattan’s Luxury Market Logged Its Busiest Week Amid Housing Slump

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Despite U.S. housing affordability hitting a low, Manhattan’s luxury market posted a banner week.

The Sony 55-Inch Bravia XR 4K Ultra-HD Television in Now at Its Lowest Price, Thanks to Amazon Prime Big Deal Daysprices and high interest rates have put a pin in real estate sales for many potential buyers. In 2022, mortgage rates grew from 3 percent to a record high of, while a lack of inventory further crimped affordability. In fact, the market has gotten so expensive that U.S.

“The weekly total racked up $228.7 million in sales, the highest dollar value since July 10-16, when 24 contracts were signed totaling $246.95 million,” said Donna Olshan, president of Olshan Realty, in the report. with an asking price of $24.97 million, down from $32 million when it was first listed in 2016. The 5,211-square-foot residence features soaring 26-foot ceilings, four bedrooms, and five-and-a-half baths. The second-highest transaction was a $19.

 

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