Reports suggest that the so-called "Mamdani effect" on Manhattan luxury apartment sales may not be having the expected impact, with some outlets indicating that sales have held firm or even surged after a mayoral election. However, there are also indications that some wealthy individuals may be preparing to leave the city, potentially sparking a luxury bidding war in affluent suburbs. The overall effect of the "Mamdani effect" on Manhattan's luxury real estate market remains unclear.