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Manhattan Condo Sales Surge 5% Amid Falling Rates

1/9/2026

35 8 Full Breakdown

Summary

Story summary

Manhattan fourth-quarter 2025 condo and co-op purchases exceeded 2,600, a 5% year-over-year rise.
Co-op sales rose 7% as mortgage rates fell from over 7% to 6.15%.
Cash buyers accounted for 65% of transactions, while a strong stock market attracted affluent buyers.
Analysts expect continued lower mortgage rates to boost transaction volumes and modestly raise prices.

History

Historical Context

The U.S. housing market crisis began in 2006, fueled by risky subprime mortgages and speculative buying, leading to a 30% drop in home prices by 2008. The Federal Reserve responded by lowering interest rates to stimulate recovery. Today, Manhattan's condo and co-op purchases have risen by 5%, reflecting ongoing recovery efforts and a strong stock market, suggesting potential growth in real estate.

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Story summary

Manhattan fourth-quarter 2025 condo and co-op purchases exceeded 2,600, a 5% year-over-year rise.
Co-op sales rose 7% as mortgage rates fell from over 7% to 6.15%.
Cash buyers accounted for 65% of transactions, while a strong stock market attracted affluent buyers.
Analysts expect continued lower mortgage rates to boost transaction volumes and modestly raise prices.

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