Manhattan Luxury Market Slows—But Is It Seasonal?

Manhattan luxury saw its fourth straight week of lackluster activity, with only 16 contracts signed for high-end homes, according to a weekly report from Olshan Realty. Last week was the fourth in a row that fewer than 20 homes priced over $4 million found buyers. The Independence Day holiday week typically heralds in a slower pace of sales as buyers jet off to sunny escapes outside the city.

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