The Manhattan real estate market in 2021 will be remembered as an exceptionally strong market with enormous sales volume. This happened on the heels of one of the worst years due to the pandemic, which precipitated a drop of 30% in overall sales volume from the previous year. Consumer confidence, pent-up demand, low prices, and low interest rates drove demand to historic highs in 2021 across most market segments. In short, New York City real estate has made a tremendous rebound in 2021.
