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An influx of Wall Street money<\/a> fueled a surge in ultra-luxury home sales in 2025, as buyers maintained the upper hand and pushed median prices lower.<\/p>\n In 2025, there were 355 sales of homes valued over $10 million, a 43 percent increase from the year before, according to an analysis by The Real Deal of deeds recorded with the city. However, the median sale price of these properties came in at $14.3 million, down 9 percent year over year.<\/p>\n \u201cIt\u2019s definitely cranking,\u201d said Frances Katzen, a broker with Douglas Elliman.<\/p>\n The trend appears to be continuing in 2026. During the first 16 weeks of 2026, there were 126 sales above the $10 million mark in Manhattan, according to data from Olshan Realty, led by Donna Olshan. That\u2019s a 40 percent year-over-year increase compared to the same time period in 2025.<\/p>\n \u201cPeople made a lot of money last year, in the last couple of years, on Wall Street,\u201d Olshan said. \u201cThat is fueling this section of the market. The rich got really, really rich.\u201d<\/p>\n Wall Street bonuses hit a new high recently, with an average payout of about $250,000. The windfall is expected to buoy the high end of the housing market, which is typically less sensitive to rising interest rates<\/a>.\u00a0<\/p>\n There also appears to be safety in numbers, according to Ruthie Assouline, a broker with Douglas Elliman.<\/p>\n \u201cYou see all these other sales happen and it gives you confidence,\u201d she said. \u201cIt\u2019s still a safe purchase because everyone else is doing it as well.\u201d<\/p>\n