‘There is no Mamdani effect’: Manhattan luxury home sales surge after mayoral election, undercutting predictions of doom and escape to Florida

FortuneThursday, December 4, 2025 at 7:01:20 PM
‘There is no Mamdani effect’: Manhattan luxury home sales surge after mayoral election, undercutting predictions of doom and escape to Florida
  • Signed contracts for luxury homes in Manhattan priced over $4 million surged by 25% following the recent mayoral election, contradicting earlier predictions of a mass exodus from New York City. Realtor Donna Olshan noted that the notion of people fleeing to Florida was exaggerated.
  • This significant increase in high-end real estate transactions indicates a robust demand for luxury properties in Manhattan, suggesting confidence in the local market and a potential rebound in urban living despite previous concerns about the city's appeal.
— via World Pulse Now AI Editorial System

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