Why are Manhattan $10M condos still selling?

Manhattan condos priced around $10 million are moving—despite softer markets

Even as sales slow in other parts of the real estate market, Manhattan’s highest-end condo segment is still attracting buyers. The reporting highlights that the city’s first quarter included record-breaking winter storms, alongside geopolitical uncertainty and swings in the stock market—factors that typically dampen demand and can slow closings.

The key takeaway is that the luxury end of Manhattan’s market appears more resilient than the broader trend elsewhere. That doesn’t mean sales are booming universally; it means that, in the most expensive tier, buyers are still willing to purchase even when overall activity elsewhere softens.

What’s influencing the slowdown elsewhere

The story connects market softness to a bundle of external conditions:

• extreme winter weather disrupting normal activity
• global uncertainty affecting risk appetite
• equity market volatility shaping household and investor behavior

Why $10M-plus listings may still move

In high-cost areas like Manhattan, buyers are often less dependent on near-term economic conditions than typical buyers who rely more directly on financing terms. Luxury properties can also offer a hedge-like appeal to a narrower group of buyers who are reacting more to opportunity and asset allocation than to day-to-day market news.

What we still don’t know

The snippet doesn’t provide: - how many units sold or how quickly - whether price cuts were involved - which specific buildings or neighborhoods drove the transactions

But based on the context given, the “why” is that the city’s top-priced condo market is behaving differently from broader, more price-sensitive segments—and it’s happening even under weather and macro headwinds.