Overview

• Manhattan led all-cash transactions at 60% of home sales in the first five months of 2025.
• Cash purchases in Manhattan commanded a median premium of $215,000 over mortgage-funded deals.
• Cash deals dominated luxury Manhattan towers and modest sub-$250,000 listings in boroughs like the Bronx.
• Sales in outer boroughs remained mortgage-dependent, with Staten Island at 77% financed, Queens at 67%, the Bronx at 60% and Brooklyn at two-thirds.
• Family buyers accounted for 46% of Manhattan cash sales, followed by solo women at 20%, solo men at 19% and anonymous LLCs at 13%.