{"id":62344,"date":"2026-02-20T03:05:07","date_gmt":"2026-02-20T02:05:07","guid":{"rendered":"https:\/\/housesmarketplace.com\/no-exodus-after-all-manhattan-luxury-market-sales-accelerate-under-mamdani\/"},"modified":"2026-02-20T03:05:07","modified_gmt":"2026-02-20T02:05:07","slug":"no-exodus-after-all-manhattan-luxury-market-sales-accelerate-under-mamdani","status":"publish","type":"post","link":"https:\/\/housesmarketplace.com\/ru\/no-exodus-after-all-manhattan-luxury-market-sales-accelerate-under-mamdani\/","title":{"rendered":"No exodus after all? Manhattan luxury market sales accelerate under Mamdani"},"content":{"rendered":"
\n

For months, some affluent New Yorkers warned they would leave if progressive policies took hold at City Hall.<\/p>\n

With Zohran Mamdani now mayor and debate intensifying over a possible city wealth tax or \u043d\u0430\u043b\u043e\u0433 \u043d\u0430 \u0438\u043c\u0443\u0449\u0435\u0441\u0442\u0432\u043e<\/a> increase, early market data shows no sign of a luxury exodus.<\/p>\n

\u0412\u043c\u0435\u0441\u0442\u043e, Manhattan\u2019s<\/a> top tier appears to be accelerating. \u0414\u0430\u043d\u043d\u044b\u0435 HousingWire<\/strong> through Feb. 13 shows just 54 single-family properties on the market boroughwide \u2014 a segment widely viewed as a proxy for concentrated wealth.<\/p>\n

Median list price stands at $8.25 million.<\/p>\n

Inventory sits at 0.8 months \u2014 far below the four to six months typically considered balanced. Year-to-date, 53 properties have been absorbed in seven weeks \u2014 about 7.6 per week.<\/p>\n

In 2025, 182 homes were absorbed over 52 weeks \u2014 roughly 3.5 per week. <\/p>\n

Luxury brokers say that on-the-ground activity mirrors the numbers.<\/p>\n

\u201cI have not had a single person tell me that they\u2019re going to leave New York City, and I am transacting at a level that is significantly higher than before (Mamdani) was mayor, or before we knew he was going to become mayor,\u201d Elevated Team at Compass<\/strong> co-founder Zeve Salman told HousingWire. \u201cI have not felt a quantitative slowdown on what\u2019s going on in the market. It\u2019s been quite the opposite.\u201d<\/p>\n

Salman said no contracts have collapsed due to political concerns and no sellers have cited Mamdani<\/a> as a reason for delisting.<\/p>\n

\u201cThis is New York. We\u2019ve been beat up before,\u201d he said. \u201cWe\u2019ve had bad mayors. We\u2019ve had good mayors. We\u2019ve had significant events here, and the city just always pushes forward. Not a single person has told me they\u2019re leaving the city because of this, nor have I done a deal with somebody who\u2019s left the deal because of Mamdani. I haven\u2019t sold an apartment because the seller\u2019s leaving. It\u2019s just been business as usual across the board.\u201d<\/p>\n

Frances Katzen, founder and leader of \u0414\u0443\u0433\u043b\u0430\u0441 \u042d\u043b\u043b\u0438\u043c\u0430\u043d<\/strong>-\u0430\u0444\u0444\u0438\u043b\u0438\u0440\u043e\u0432\u0430\u043d\u043d\u044b\u0439 The Katzen Team<\/strong>, described a brief pause around the mayoral election \u2014 followed by aggressive positioning by affluent buyers<\/a>.<\/p>\n

\u201cWhenever you have an election year, there\u2019s always this sort of cautious pause of, \u2018Do I do it or do I wait?\u2019\u201d she said. \u201cWhat happens is people assess risk versus reward a lot, and New York is one of those capitalistic towns that tends to always surprise people.<\/p>\n

\u201cSo, that luxury buyer is buying like a stock. They\u2019re all still trying to get in when there\u2019s a bit of the unknown.\u201d<\/p>\n

History of post-election flight warnings<\/h2>\n

Warnings that wealthy residents would \u201cflee\u201d cities or states after election results are a recurring theme in U.S. political discourse.<\/p>\n

After the 2018 passage of California\u2019s Proposition 15, critics warned of capital outflow. <\/p>\n

However, an \u0430\u043d\u0430\u043b\u0438\u0437<\/a> \u0438\u0437 California Budget & Policy Center<\/strong> found little evidence of mass migration tied to tax changes.<\/p>\n

Similarly in 2021 and 2022, widespread commentary suggested tech executives were leaving cities like San Francisco due to progressive policies and high costs. <\/p>\n

Reporting from \u0420\u0435\u0439\u0442\u0435\u0440<\/a> and other outlets showed that corporate relocations had complex motives beyond political rhetoric.<\/p>\n

Studies of state-to-state migration patterns by the National Bureau of Economic Research<\/strong><\/a> indicate that tax policy and election outcomes have only modest effects on wealthy migration decisions over time.<\/p>\n

Katzen said that in one recent stretch, there were 22 condo deals, seven co-ops and 13 properties trading above $10 million \u2014 including two of her own, one for $17.5 million.<\/p>\n

\u0418\u043d\u0432\u0435\u043d\u0442\u0430\u0440\u044c<\/a> constraints are central to the dynamic and the scarcity is intensifying competition among cash-rich buyers.<\/p>\n

Roughly two-thirds of Manhattan transactions are all-cash, but Katzen said cash dominance is less disruptive than in prior cycles.<\/p>\n

\u201cIt used to be that cash was king, because nobody wanted to deal with the heartache of an appraisal or the time lag,\u201d she said. \u201cBut there\u2019s so much efficiency now. Most people are putting down a substantial amount, even if they\u2019re financing, and these guys are working so fast to lend. Banks don\u2019t make money without lending, so they\u2019re much more efficient.\u201d<\/p>\n

Debate over taxes looms<\/h2>\n

The market\u2019s resilience comes as Mamdani pushes proposals that include a possible 2% city wealth tax \u2014 and discussion of a 9.5% property tax increase if state wealth tax approval doesn\u2019t materialize.<\/p>\n

Katzen warned that either scenario carries risk.<\/p>\n

\u201c(A wealth tax) is going to deter a lot of the ultra, ultra, ultra wealthy people,\u201d she said. \u201cThen, you\u2019ve got that 9.5% (property) tax [and] that\u2019s not cheap for families and growing businesses. It\u2019s not great either way. Either way, someone\u2019s hurting, and it\u2019s going to cause impact.\u201d<\/p>\n

Mamdani has \u043f\u0440\u0435\u0434\u043b\u043e\u0436\u0435\u043d\u043d\u044b\u0439<\/a> a series of tax increases on high earners to help close a projected $5.4 billion budget gap in fiscal year 2027. His plan includes a 2% surcharge on annual incomes above $1 million, which is projected to generate roughly $4 billion per year. <\/p>\n

The administration says revenue would fund universal child care, \u0434\u043e\u0441\u0442\u0443\u043f\u043d\u043e\u0435 \u0436\u0438\u043b\u044c\u0435<\/a>, education and transit. The mayor has also argued that targeting roughly 33,000 top earners would prevent the broader 9.5% property tax hike on residents citywide and protect middle-income households. <\/p>\n

Salman suggested that political volatility is a constant part of city residents\u2019 long-term outlook.<\/p>\n

\u201cWe stay here when we know it\u2019s harder to live here,\u201d he said. \u201cWe know it\u2019s more expensive. We know the weather can be terrible. We do it because we want to. There\u2019s a conscious choice that\u2019s being made. That comes with a potentially bad mayor and it comes with a potentially great mayor. It doesn\u2019t matter.<\/p>\n

\u201c(Mamdani) could turn out fantastic for all of us, but you just kind of take it with the ebbs and flows in New York.\u201d<\/p>\n

Metro area mixed<\/h2>\n

Across the broader \u041d\u044c\u044e-\u0419\u043e\u0440\u043a<\/a> metro area, conditions are cooler but still tight.<\/p>\n

Inventory and median prices are roughly flat year-over-year, while weekly transaction pace has increased 3.4% compared with 2025.<\/p>\n

Inventory remains roughly 80% below levels seen in 2015.<\/p>\n

Within Manhattan, Katzen described stratification in the luxury tiers, with distinct patterns between $6 million to $10 million properties and those above $15 million.<\/p>\n

\u201cI mean, I think the luxury market is exempt from market movement,\u201d she said. \u201cThey choose what they want to do, when they want to do it and at whatever cost. The (luxury) markers also remain hyper-competitive, not a lot of inventory. It really is like buying a stock. You buy in the West Village and someone buys in Midtown East, and everyone is looking where the performance has built up value.\u201d<\/p>\n

For now, both brokers describe robust pipelines.<\/p>\n

Salman summarized his year succinctly.<\/p>\n

\u201cWe\u2019ve had a record year and no one I know has left,\u201d he said. \u201cNo one is telling me they want to sell their apartment because they\u2019re leaving. It\u2019s just upgrades and continuing to invest in the city across the board.\u201d<\/p>\n

As debate over taxes unfolds in Albany and City Hall, Manhattan\u2019s top tier shows rising prices, doubled sales velocity and historically tight supply.<\/p>\n

If affluent residents are preparing to leave, brokers say, they are not seeing it in contracts \u2014 or in the closing room.<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

For months, some affluent New Yorkers warned they would leave if progressive policies took hold at City Hall. With Zohran Mamdani now mayor and debate intensifying over a possible city wealth tax or property tax increase, early market data shows no sign of a luxury exodus. Instead, Manhattan\u2019s top tier appears to be accelerating. HousingWire […]<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-62344","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"\nNo exodus after all? Manhattan luxury market sales accelerate under Mamdani - Houses Marketplace<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/housesmarketplace.com\/ru\/no-exodus-after-all-manhattan-luxury-market-sales-accelerate-under-mamdani\/\" \/>\n<meta property=\"og:locale\" content=\"ru_RU\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"No exodus after all? Manhattan luxury market sales accelerate under Mamdani\" \/>\n<meta property=\"og:description\" content=\"For months, some affluent New Yorkers warned they would leave if progressive policies took hold at City Hall. With Zohran Mamdani now mayor and debate intensifying over a possible city wealth tax or property tax increase, early market data shows no sign of a luxury exodus. Instead, Manhattan\u2019s top tier appears to be accelerating. HousingWire […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/housesmarketplace.com\/ru\/no-exodus-after-all-manhattan-luxury-market-sales-accelerate-under-mamdani\/\" \/>\n<meta property=\"og:site_name\" content=\"Houses Marketplace\" \/>\n<meta property=\"article:published_time\" content=\"2026-02-20T02:05:07+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"\u041d\u0430\u043f\u0438\u0441\u0430\u043d\u043e \u0430\u0432\u0442\u043e\u0440\u043e\u043c\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"\u041f\u0440\u0438\u043c\u0435\u0440\u043d\u043e\u0435 \u0432\u0440\u0435\u043c\u044f \u0434\u043b\u044f \u0447\u0442\u0435\u043d\u0438\u044f\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 \u043c\u0438\u043d\u0443\u0442\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/housesmarketplace.com\/#website\",\"url\":\"https:\/\/housesmarketplace.com\/\",\"name\":\"Houses Marketplace\",\"description\":\"International Real Estate\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/housesmarketplace.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"ru-RU\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/housesmarketplace.com\/no-exodus-after-all-manhattan-luxury-market-sales-accelerate-under-mamdani\/#webpage\",\"url\":\"https:\/\/housesmarketplace.com\/no-exodus-after-all-manhattan-luxury-market-sales-accelerate-under-mamdani\/\",\"name\":\"No exodus after all? Manhattan luxury market sales accelerate under Mamdani - Houses Marketplace\",\"isPartOf\":{\"@id\":\"https:\/\/housesmarketplace.com\/#website\"},\"datePublished\":\"2026-02-20T02:05:07+00:00\",\"dateModified\":\"2026-02-20T02:05:07+00:00\",\"author\":{\"@id\":\"https:\/\/housesmarketplace.com\/#\/schema\/person\/665c421ad640387074205c0c27f1322d\"},\"breadcrumb\":{\"@id\":\"https:\/\/housesmarketplace.com\/no-exodus-after-all-manhattan-luxury-market-sales-accelerate-under-mamdani\/#breadcrumb\"},\"inLanguage\":\"ru-RU\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/housesmarketplace.com\/no-exodus-after-all-manhattan-luxury-market-sales-accelerate-under-mamdani\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/housesmarketplace.com\/no-exodus-after-all-manhattan-luxury-market-sales-accelerate-under-mamdani\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/housesmarketplace.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"No exodus after all? Manhattan luxury market sales accelerate under Mamdani\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/housesmarketplace.com\/#\/schema\/person\/665c421ad640387074205c0c27f1322d\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/housesmarketplace.com\/#personlogo\",\"inLanguage\":\"ru-RU\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/140237897fb8310eb02b9e9e60bc4c80ec8ee5e10f4896a3c4d6b98a92bf825e?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/140237897fb8310eb02b9e9e60bc4c80ec8ee5e10f4896a3c4d6b98a92bf825e?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"url\":\"https:\/\/housesmarketplace.com\/ru\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"No exodus after all? Manhattan luxury market sales accelerate under Mamdani - Houses Marketplace","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/housesmarketplace.com\/ru\/no-exodus-after-all-manhattan-luxury-market-sales-accelerate-under-mamdani\/","og_locale":"ru_RU","og_type":"article","og_title":"No exodus after all? Manhattan luxury market sales accelerate under Mamdani","og_description":"For months, some affluent New Yorkers warned they would leave if progressive policies took hold at City Hall. With Zohran Mamdani now mayor and debate intensifying over a possible city wealth tax or property tax increase, early market data shows no sign of a luxury exodus. Instead, Manhattan\u2019s top tier appears to be accelerating. HousingWire […]","og_url":"https:\/\/housesmarketplace.com\/ru\/no-exodus-after-all-manhattan-luxury-market-sales-accelerate-under-mamdani\/","og_site_name":"Houses Marketplace","article_published_time":"2026-02-20T02:05:07+00:00","twitter_card":"summary_large_image","twitter_misc":{"\u041d\u0430\u043f\u0438\u0441\u0430\u043d\u043e \u0430\u0432\u0442\u043e\u0440\u043e\u043c":"admin","\u041f\u0440\u0438\u043c\u0435\u0440\u043d\u043e\u0435 \u0432\u0440\u0435\u043c\u044f \u0434\u043b\u044f \u0447\u0442\u0435\u043d\u0438\u044f":"6 \u043c\u0438\u043d\u0443\u0442"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebSite","@id":"https:\/\/housesmarketplace.com\/#website","url":"https:\/\/housesmarketplace.com\/","name":"Houses Marketplace","description":"International Real Estate","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/housesmarketplace.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"ru-RU"},{"@type":"WebPage","@id":"https:\/\/housesmarketplace.com\/no-exodus-after-all-manhattan-luxury-market-sales-accelerate-under-mamdani\/#webpage","url":"https:\/\/housesmarketplace.com\/no-exodus-after-all-manhattan-luxury-market-sales-accelerate-under-mamdani\/","name":"No exodus after all? Manhattan luxury market sales accelerate under Mamdani - Houses Marketplace","isPartOf":{"@id":"https:\/\/housesmarketplace.com\/#website"},"datePublished":"2026-02-20T02:05:07+00:00","dateModified":"2026-02-20T02:05:07+00:00","author":{"@id":"https:\/\/housesmarketplace.com\/#\/schema\/person\/665c421ad640387074205c0c27f1322d"},"breadcrumb":{"@id":"https:\/\/housesmarketplace.com\/no-exodus-after-all-manhattan-luxury-market-sales-accelerate-under-mamdani\/#breadcrumb"},"inLanguage":"ru-RU","potentialAction":[{"@type":"ReadAction","target":["https:\/\/housesmarketplace.com\/no-exodus-after-all-manhattan-luxury-market-sales-accelerate-under-mamdani\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/housesmarketplace.com\/no-exodus-after-all-manhattan-luxury-market-sales-accelerate-under-mamdani\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/housesmarketplace.com\/"},{"@type":"ListItem","position":2,"name":"No exodus after all? Manhattan luxury market sales accelerate under Mamdani"}]},{"@type":"Person","@id":"https:\/\/housesmarketplace.com\/#\/schema\/person\/665c421ad640387074205c0c27f1322d","name":"admin","image":{"@type":"ImageObject","@id":"https:\/\/housesmarketplace.com\/#personlogo","inLanguage":"ru-RU","url":"https:\/\/secure.gravatar.com\/avatar\/140237897fb8310eb02b9e9e60bc4c80ec8ee5e10f4896a3c4d6b98a92bf825e?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/140237897fb8310eb02b9e9e60bc4c80ec8ee5e10f4896a3c4d6b98a92bf825e?s=96&d=mm&r=g","caption":"admin"},"url":"https:\/\/housesmarketplace.com\/ru\/author\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/housesmarketplace.com\/ru\/wp-json\/wp\/v2\/posts\/62344","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/housesmarketplace.com\/ru\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/housesmarketplace.com\/ru\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/housesmarketplace.com\/ru\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/housesmarketplace.com\/ru\/wp-json\/wp\/v2\/comments?post=62344"}],"version-history":[{"count":0,"href":"https:\/\/housesmarketplace.com\/ru\/wp-json\/wp\/v2\/posts\/62344\/revisions"}],"wp:attachment":[{"href":"https:\/\/housesmarketplace.com\/ru\/wp-json\/wp\/v2\/media?parent=62344"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/housesmarketplace.com\/ru\/wp-json\/wp\/v2\/categories?post=62344"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/housesmarketplace.com\/ru\/wp-json\/wp\/v2\/tags?post=62344"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}