New Yorkers fleeing Mamdani for Miami? Yeah, right
Fears of a post-election chill in New York City’s luxury housing market are looking increasingly misplaced. In the 60 days following Mayor Zohran Mamdani’s November win, signed contracts for homes asking $4 million and above jumped more than 24 percent, while median listing discounts tightened to 6 percent from 6.5 percent, according to UrbanDigs data. The numbers cut against a narrative that wealthy sellers were slashing prices to exit the city and instead point to buyers leaning in. Discounts are a key proxy for leverage, and if sellers were rushing for the door, price cuts would have widened. They didn’t. […]
This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
Now what? Rafael Cestero on the rent freeze
aftermath
If I Had to Start Over in Real Estate Today, I’d Do
This
New Fed Chair, Same Inflation Fight: What “Higher for
Longer” Really Means for Small Landlords
The Data Is Lying: What Buyers Are Really Paying in 2026
(Less Than You Think)
3 Ways to Fund Your First Real Estate Deal Without 20%
Down
Gravesend’s new condo record is courtesy of a home-grown
developer
WATCH: Author Michael Gross on billionaire playground St.
Barts
Long Island man convicted in $4.7M Harlem deed theft
scheme
Sonder bankruptcy could claim victim in Moinian FiDi
debt
Nir Meir nears trial for fraud case
