Manhattan’s Richest Home Buyers Were Out in Force as $10 Million-Plus Sales Surged in the First Quarter

The weather might have been extreme this winter in Manhattan, but the snow didn’t stop deep-pocketed home buyers, according to a host of market reports released this week. In the first quarter, demand for homes across the New York City borough priced between $10 million and $20 million jumped, with transactions surging 47.4% compared to the same time last year, according to data from Compass. “Despite broader market slowdowns, the luxury market continued to outperform expectations,” the report, released Tuesday, said. Townhouses in particular had a strong start to the year, according to Jonathan Miller, president and CEO of Miller...