June’s Luxury Momentum: Why Buyers Are Back in Manhattan
Manhattan Luxury Market | June 2025 Edition
If you’re wondering where the smart money summered, look no further than a penthouse with panoramic views and a security deposit that rivals your college tuition.
The Manhattan luxury market (aka: the $4M+ club) just pulled off its own version of a summer flex — 71 contracts in the first two weeks of June. Because who needs sunscreen when your investment portfolio is this hot?
Let’s Talk Numbers (Because “Adulting”)
Week of June 2–8:
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34 contracts signed
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Top deals included a $26M stunner at 157 West 57th — because apparently “starter condo” now means “4 bedrooms and 3.5 baths with views of Central Park and your ex’s regret.”
Week of June 9–15:
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37 contracts signed
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11 of those were $10M+ trophy properties, marking the biggest “extra” week since Squid Game was trending.
Property Type Breakdown (June 1–15):
|
Property Type |
Count |
|
Condos |
43 |
|
Co-ops |
18 |
|
Townhouses |
10 |
Yes, condos still run this town — but don’t sleep on those townhouses. They’re like the Birkin bags of brownstone Brooklyn.
🥇 Trophy vs. Not (June 9–15):
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11 properties went into contract at $10M+
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The other 26 were merely mortal homes. You know, like $5M pied-à-terres for your poodle.
UES or Downtown? Battle of the Bougie
Downtown may be ahead in year-to-date contracts (306 vs. 192), but the Upper East Side has quietly taken back the crown, dominating 4 of the past 8 weeks. It’s giving old money energy, and clearly, it’s working.
Graphs You Can Brag About at Brunch:
(See below: bar charts, pie charts, and trophy graphs — yes, we made graphs fun.)
What This Means for You (or Your Richest Friend)
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Trophy homes are back in fashion — discounts be damned.
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Inventory remains tight, and competition is hotter than your Pilates instructor’s summer fling.
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If you’re thinking of listing, now’s the time. If you’re buying? Be ready to pounce faster than a Soho fashion girl at a sample sale.
Final Thought:
Interest rates may be stable, but the luxury market is moving like it’s triple-shot espresso season. Whether you’re team Park Avenue or team Tribeca, one thing’s clear: buyers are serious, sellers are getting bold, and Manhattan real estate? Still the ultimate status symbol.
