Brooklyn Condo and Co-op Market Overview January 2026

This Brooklyn condo and co-op market update covers January 2026 contract activity, pricing trends, inventory, and negotiability across Brooklyn. The data below reflects signed contracts during the month and offers insight into buyer demand by neighborhood, price range, and product type.

Brooklyn Condo and Co-op Market Snapshot (Jan 2026)

Total contracts signed: 203
Year-over-year change: −34%
Month-over-month change: −12%
Average days on market: 107 (down from 113 last year)

Brooklyn contract activity declined year over year in January 2026, marking the eighth month of the past twelve with a decrease. The decline was measured against the busiest January since 2022, and contracts signed were approximately 20% below the five-year average, indicating a slower but more deliberate start to the year.

Contracts Signed by Price Range

Under $1M: 106 (−43% YoY)
$1M–$1.5M: 48 (−8% YoY)
$1.5M–$2M: 15 (−35% YoY)
$2M–$3M: 20 (−41% YoY)
Over $3M: 14 (0% YoY)

The over $3M segment was the only price category without an annual decline, while contracts under $1M experienced the steepest drop, falling by 43% year over year.

Condo vs Co-op Activity

Condominium contracts declined year over year as inventory constraints continued to limit supply, while co-op activity dropped more sharply due to fewer signed contracts in South Brooklyn, despite co-op listings increasing year over year.

This divergence highlights the continued imbalance between demand and available condo inventory, particularly in core neighborhoods.

Brooklyn Contract Activity by Neighborhood | Jan 2026

Park Slope & Gowanus

Contracts signed: 23
Year-over-year change: −21%

Contract volume softened year over year, though demand remained steady for well-located apartments.

Fort Greene, Clinton Hill & Prospect Heights

Contracts signed: 18
Year-over-year change: −14%

Moderate decline in activity, consistent with borough-wide trends.

Carroll Gardens, Boerum Hill & Red Hook

Contracts signed: 9
Year-over-year change: −18%

Lower volume reflects both seasonal slowdown and limited inventory.

Brooklyn Heights, Cobble Hill, Dumbo & Downtown

Contracts signed: 18
Year-over-year change: −44%

A significant annual decline, influenced by limited new listings and higher price points.

Bedford-Stuyvesant, Crown Heights, Prospect-Lefferts Gardens & Bushwick

Contracts signed: 38
Year-over-year change: +23%

One of the only submarkets to post year-over-year growth, driven by relative affordability and broader buyer appeal.

Williamsburg & Greenpoint

Contracts signed: 40
Year-over-year change: −15%

Activity declined modestly, reflecting ongoing supply constraints in newer condo inventory.

Kensington, Windsor Terrace, Ditmas Park, Flatbush & Prospect Park South

Contracts signed: 17
Year-over-year change: −50%

A sharp decline following unusually strong activity last January.

Southern Brooklyn

Contracts signed: 17
Year-over-year change: −50%

A sharp decline following unusually strong activity last January.

Inventory, Pricing, and Negotiability

Active listings: 1,499 (+6% YoY)
Change vs December 2025: Flat

Inventory growth was driven entirely by a 23% increase in co-op listings, while condo inventory declined for the seventh consecutive month.

Average price per square foot: $1,250 (+15% YoY, +4% MoM)
Condo PPSF: $1,378 (+10% YoY)
Co-op PPSF: $584 (+4% YoY)

The average list-to-sale price ratio was 0.7% below ask, compared to 0.4% above ask last year. Condo negotiability remained slightly below ask, while co-ops averaged 1.2% below ask, skewed by a single deeply discounted sale.

Key Brooklyn Condo and Co-op Trends | January 2026

Contract activity declined year over year, but comparisons were against an unusually strong January.
Entry-level price points saw the sharpest slowdown, while the luxury segment remained stable.
Inventory increased modestly, driven by co-op listings.
Pricing strength persisted, with price per square foot rising across both product types.
Homes sold faster despite lower overall volume.

What the January 2026 Brooklyn Apartment Market Means

For Buyers
More inventory and softer contract volume created increased selectivity, but pricing remained firm, especially for well-located condos.

For Sellers
Demand is present, but buyers are disciplined. Accurate pricing and strong presentation remain critical, particularly in a market where contract volume has slowed.

Work With Craig

Buying or selling in New York City requires clarity, preparation, and steady representation. If you are considering your next move, I would be glad to help you navigate the process with confidence.

Brooklyn Monthly Report