October 2025 Newsletter

Greetings,

Manhattan real estate continues to demonstrate remarkable resilience and balance in 2025, presenting meaningful opportunities for both sellers and buyers.

Manhattan recorded 3,042 closings, the highest level of sales in nearly  two years,  representing a 16.6% increase year-over-year according to Q2 2025 report. Median sales prices rose for the third consecutive quarter, reaching $1.2M, supported by consistent demand across price points.

The luxury segment once again outperformed: the median sales price in the top 10% of transactions climbed to $6.5M, an 8.8% annual increase, underscoring the ongoing strength of Manhattan’s premium housing market.

Continue reading below for this month’s key market insights, and feel free to contact me with any questions you may have.

All my best,
Iman Bacodari
The Bacodari Team
(917) 488-2261

Fed Rate Shift Impact

The Federal Reserve’s rate cuts position Manhattan’s market for renewed momentum:

• Confidence – lower rates support faster transaction decisions.

• Pricing – tighter bid-ask spreads in competitive segments.

• Luxury Market – improved jumbo financing enhances purchasing power for high-net-worth buyers.

Financing & Buyer Profile
Cash Purchases: A record 69% of all sales were cash transactions.

Above $3M, 78% of sales were all-cash, signaling a confident, well-capitalized buyer pool.

Even outside the luxury tier, cash remained elevated, buffering the market against rate pressures.