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Q1 2025 Market Report

  • The Manhattan real estate market kicked off 2025 with strength and renewed optimism. As mortgage rates eased from over 7% to the mid-6% range, buyers re-entered the market, and prices responded with impressive growth. Median sales prices climbed 13.6% year-over-year, and the average price-per-square-foot rose 11.9%, signaling strong demand and confidence in the market.

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Marion Miner

SERHANT | New York Properties

Licensed Real Estate Broker

Licensed in New York State and California

372 W Broadway, New York, NY 10012

marion@serhant.com

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SERHANT. LLC is a licensed real estate broker and abides by Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting, or other professional advice outside the realm of real estate brokerage.

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