News & Press Contact


A Record-Breaking Month for Manhattan Luxury Sales

As New York City’s luxury market continues its strong rebound from the depths of the Covid-19 pandemic, August marked another milestone. With 1,228 contracts signed, Manhattan had its strongest August on record for signed contracts, according to a report from Corcoran released this week. Buyers signed contracts on 77 properties priced $5 million and up, making it the busiest August ever for luxury new pending sales, as well. “New Yorkers continue to seek more space for better value and in 2021, they’re finding it,” said Corcoran President and CEO Pam Liebman in an emailed statement. “Year-over-year, signed contracts were up 77%, but September will be the real month to watch in terms of annual percentage change.” Concerns over the Covid-19 Delta variant don’t appear to have meaningfully dampened activity in New York, Ms. Liebman said, adding, “We’ll be watching the data closely, especially if any future restrictions go into effect.”

Read Article