Lincoln Investors Target Midtown, Prices Up 19%
Manhattan Real Estate Market Dynamics In the tumultuous terrain of Manhattan's real estate, a palpable shift is in motion. The skyrocketing average sale price indicates robust demand, reaching $2.55 million in early 2025. Affluent buyers from major cities and return-to-office mandates contribute to these dynamics. Modern home features, such as spacious layouts and contemporary amenities, align with evolving buyer preferences. Increased luxury sales further illustrate this demand. Despite initial deterrents from mortgage rate fluctuations, recent adjustments enhance buyer activity. Buyers prioritize comfort and functionality in property choices, reflective of changing preferences post-pandemic. The inventory surge in some markets is contrasted by Manhattan's decline, showcasing regional disparities. Active inventory declines, remarkably by 17% in early 2025, affecting supply. A slight recovery offers more balance, however. This environment provides buyers with negotiation power...