In New York City's real estate market, cash transactions dominate, particularly at the high end where 60% of Manhattan sales from early 2025 were all cash. This is in stark contrast to outer boroughs like Staten Island, where 77% of sales involved financing. The Bronx saw 60% mortgage-backed sales, while Queens had two-thirds financed purchases. Brooklyn also reflected this trend with two-thirds of sales backed by loans. Cash buyer dominance extends to lower-end transactions, and in Manhattan's priciest neighborhoods, cash buyers accounted for up to 93% of deals.
"In Manhattan, 60% of home sales in 2025 were all-cash, indicating a trend towards financing-free transactions in high-end real estate."
"Staten Island has the highest proportion of financed deals, with 77% of sales involving a mortgage, contrasting starkly with Manhattan's cash-heavy market."
Read at therealdeal.com
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