Luxury deals drove Manhattan’s sales market for most of 2025, but by year’s end, the momentum trickled down.  Last quarter, co-op sales — generally priced below condos — outpaced condo deals in the borough for the first time in more than a year, powered by a steady decline in mortgage rates during the back half of the year, according to Miller Samuel’s quarterly report for Douglas Elliman.  “As mortgage rates drifted lower, we saw an improvement in sales of lower-priced units because those buyers are more reliant on mortgage rates,” said report author Jonathan Miller, who added that mortgage rates […]

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