Another Strong Week for the Manhattan Luxury Market

The luxury real estate market in Manhattan rebounded with another strong showing last week. Seventeen contracts were signed for homes priced $5M and above. Nine of these contracts were for condos, four for co-ops, and four for townhouses. The previous week there were only six contracts signed in total, a significantly lower number than what we've been seeing this year - but not unexpected for late August, when buyers are enjoying the waning days of summer.