The luxury housing market in New York City is grinding to a halt at the hands of the novel coronavirus.

For the fourth consecutive week, only two contracts were signed for properties being sold for at least $4 million in Manhattan, New York, during the week ending April 19 — unchanged since the week ending March 29, according to local residential brokerage Olshan Realty Inc. It’s the first time since the brokerage started publishing the weekly data that the same exact number of contracts were signed for fan entire month. The last time there were only two contracts signed was the week of August 17-23, 2009.

“The luxury market has gone into hibernation,” said Donna Olshan, president of her namesake brokerage, in her latest weekly luxury market report.

In the past four weeks ending April 19, eight contracts totaling $71.22 million in asking price were signed compared with 84 contracts totaling $675.54 million. Follow more information at>> pg slot