Manhattan residential contracts signed at $4M+ show a steady and resilient Fall luxury market. According to The Olshan Report, week after week, more than 30 contracts were signed, including a peak of 41 in a single week. Even Thanksgiving had a better week than it has in the last 10 years. The momentum is holding strong despite a recent, heated mayoral race, and many deals closed even after the election results were finalized. That broader confidence mirrors what’s happening across the city. Despite early worries that Mayor-elect Zohran Mamdani may push companies away, the opposite appears to be true. Leasing remains strong, major tenants are committing to long-term plans, and large-scale projects are moving forward. This said, a bit of uncertainty lingers as everyone waits to see how Mamdani’s policies take shape. But New York has weathered far tougher cycles, and early signals suggest he’s already shifting from campaign rhetoric to a more pragmatic, collaborative approach. For now, the mood is best summed up as cautious optimism: a few question marks, but even more momentum.