Real Talk Real Estate

The Mamdani Effect? Manhattan’s Market Tightens in Q4


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Q4 2025 was a turning point for Manhattan real estate.

On Real Talk Real Estate, John and Jonathan break down why the market tightened faster than expected.

Inventory dropped, cash buyers dominated, and homes moved quicker with less room to negotiate. Even with prices staying mostly flat, leverage started shifting back toward sellers.

They also touch on how NYC’s new mayoral administration may have influenced short-term seller behavior, and why Manhattan real estate continues to prove its long-term strength.

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Real Talk Real EstateBy The GVC Real Estate Team