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LUXURY MARKET REPORT
June 20-26, 2022
Twenty contracts were signed last week in Manhattan at $4 million and above, 8 more than the previous week. Condos outsold co-ops, 13 to 4, and 3 townhouses were in the mix.

Stat Geek Alert: The bounce back this week is encouraging, as this report has always considered a weekly total of 20+ contracts signed as the benchmark of a stable market. The housing frenzy at the start of 2021 thru early May averaged 30+ contracts per week, but those flush days are likely now over due to a bearish stock market, a rise in interest rates, inflation, and war.

The No. 1 contract was 10B at 1060 Fifth Avenue, asking $20 million; it has been on and off the market since 2016, starting at $65 million and cycling thru 4 brokerage firms. This 13-room co-op has 7 bedrooms and 5 bathrooms. A corner living room with ...

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