Manhattan luxury real estate market is blooming

Setting up to be one of the best Spring markets. The penguins are jumping in.... :)

While it is certainly a good sign, it will need more than 25 sales per week to start clearing the high-end inventory. Continued strength in the economy and further price cuts at the top-end with help.

And what is the total year-to-date versus last year?

I came across this today and thought it was interesting (NB I have not done any fact checking to verify the veracity):
"One of the penthouses, #PH, was previously in-contract for over $18M. It came back on the market just four days ago, priced to sell at a deeply discounted price of $9.5M"
https://www.cityrealty.com/nyc/market-insight/features/future-nyc/massive-8995m-penthouse-chelsea-condo-the-twenty-1-now-in-contract/17022