March marks the start of Spring Market in Manhattan, typically our busiest season of the year, and I’m feeling optimistic. January and February were active for many of us in spite of major snowstorms and the city adjusting to a new mayor. Mortgage rates have dipped back into the 6% range (and in some cases just below), levels we haven’t seen since 2022. We’re seeing the impact firsthand: February signed contracts were up year-over-year, particularly in the $2M–$5M range where financing plays a larger role.
The Real Deal recently reported that approximately 41% of Manhattan condo purchases in 2025 were all cash, a meaningful reminder that Manhattan remains a capital-driven market. Cash buyers move quickly and negotiate hard, which makes strong representation important not only for them but especially for those financing. Meanwhile, rental vacancy remains under 2% and median rents are near record highs, conditions that may push long-term renters to reconsider buying as rates ease.
I’m proud to share that I was recognized in 2025 among the top 7% of Coldwell Banker agents worldwide and inducted into the International Diamond Society, a distinction built on the results and advocacy I deliver for my clients. If you or someone close to you is planning a move, or simply want to learn about today’s market, I welcome the opportunity to bring that same level of advocacy and success to you.
Wishing you a wonderful March.
Best,
Jane
