All-Cash Deals Dominated Manhattan’s Real Estate Market in 2025
The New York Times••business
Key Points:
- In 2025, 64 percent of Manhattan co-op and condo sales were paid in cash, the highest percentage ever recorded, with nearly 90 percent of sales over $3 million made in cash.
- Historically, cash sales accounted for about half of Manhattan real estate transactions, but since the Federal Reserve raised interest rates, cash purchases have surged, reaching 61 percent in 2024.
- Wealthy buyers, boosted by Wall Street profits and the AI boom, have increasingly dominated the Manhattan market, especially in high-end properties throughout 2025.
- The median price for Manhattan co-ops and condos rose 2.3 percent in Q4 2025 to $1.125 million, while inventory decreased by
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