In the first quarter of this year, Manhattan real estate sales fell 38% compared to the same period last year. However, Cash Deals Hit an all-time record in the quarter. Sales contracts for properties priced at $4 million or more increased from an average of 16 deals a week in January to 32 deals a week in March. This suggests that, although the market is correcting, there is still strong demand for high-end homes in Manhattan.

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