In 2025, 64% of Manhattan apartment buyers paid cash, with nearly 90% of sales over $3 million in cash, marking a historic high. Cash sales rose due to Federal Reserve rate hikes and strong Wall Street profits. The median price for co-ops and condos increased 2.3% to $1.125 million. Sales over $4 million grew 11.2%, while mortgage rates fell to 6.15%, slightly boosting mortgage-dependent buyers. No real estate impact was seen from mayoral election concerns.
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