Manhattan Home Sales Rise, Juiced Up by Lower Mortgage Rates (1)

Manhattan home sales rose in the fourth quarter, driven primarily by an increase in co-op deals, a sign that falling borrowing costs lured some rate-sensitive buyers back to the market.

More than 2,600 condo and co-op purchases closed in the last three months of 2025, up 5% from a year earlier, appraiser Miller Samuel Inc. and brokerage Douglas Elliman said in a report. Co-ops made up more than half of all sales and rose 7% annually, outpacing the increase in condo transactions for the first time in more than a year.

The “delayed effect of mortgage rates dropping” — ...