The Manhattan real estate market closed Q4 2024 with strong momentum, showing rising demand despite high interest rates and limited inventory. Sales increased year over year across all price points, with notable strength in both entry-level homes under $500K and luxury properties above $20M. Condos led the market, significantly outperforming co-ops, while luxury demand pushed prices higher, especially in new developments. At the same time, inventory continued to shrink, keeping competition high and signaling a strong foundation for an active start to 2025.