NYC Real Estate Market Reports
Brooklyn Monthly Report
June 2026 | Condos & Co-ops
June 2026 at a Glance
Brooklyn recorded 347 signed contracts in June, up 11% year over year, though the comparison is against the lowest June figure since 2020, and the month still came in 5% below the five-year June average of 363. Month over month, contracts fell 12% versus May's peak, consistent with typical summer deceleration. What the headline obscures is the composition: condo contracts rose 15% year over year, and co-ops posted a 4% annual gain, the first positive co-op reading after five consecutive months of declines. Days on market fell 8% year over year to the second-shortest average of the past 13 months. Properties that are priced right are still moving quickly.
The Over-$3M Segment More Than Doubled. The $1M to $1.5M Range Was the Only Loser.
Every price segment posted an annual gain in June except the $1M to $1.5M range, which fell 5% to 58 contracts. Above that band, the story is different. The $1.5M to $2M range rose 38% to 54 contracts. The $2M to $3M range grew 25% to 35 contracts. The over-$3M segment more than doubled, rising 129% from 7 contracts to 16, driven in part by stronger luxury activity in Williamsburg. Below $1M, contracts grew a modest 3% to 184. The borough's growth story in June was concentrated at the upper end. The middle of the market, the $1M to $1.5M band where a significant portion of Brownstone Brooklyn buyers operate, was the only segment that contracted.
Co-ops Reversed Five Months of Declines. The Bidding Wars Continue.
The co-op market's 4% annual gain in June is notable not because the number is large but because the direction changed. Five consecutive months of year-over-year declines had become the defining feature of Brooklyn's two-speed market. June broke that streak. Co-op inventory continued to build, up 17% year over year for the tenth consecutive month, with 788 active listings. But buyers are clearly still competing for the right properties. Co-op negotiability landed 4.5% above asking price on average, driven by multiple bidding wars that closed 10% or more above list. The co-op market is not soft across the board. It is soft on the listings that deserve to be.
Condo Pricing Flat. Co-op Pricing Declined. The Overall Number Rose Anyway.
Average price per square foot rose 2% year over year to $1,203, its seventeenth annual increase in the past twenty-one months. That headline requires context. Condo price per square foot was flat year over year at $1,315, and co-op price per square foot fell 6% to $666. The overall figure rose because condos made up a larger share of June's sales mix. Condo negotiability tightened to just 0.1% below asking price, essentially at list. Buyers competing on condos in Brownstone Brooklyn right now are not getting discounts. They are meeting the ask, and sometimes exceeding it.
Where the Volume Was in June
Park Slope and Gowanus posted 48 contracts, up 12% year over year. A solid rebound after May's essentially flat result and April's 29% decline. Park Slope's underlying demand is intact. The constraint has been inventory, not buyers, and June reflects what happens when some of that inventory comes to market.
Fort Greene, Clinton Hill, and Prospect Heights recorded 42 contracts, up 8% year over year. A steady, positive result in a submarket that has been running tight all year. Well-priced properties here continue to move quickly.
Williamsburg and Greenpoint posted 50 contracts, up 25% year over year, the strongest annual gain of any submarket in June. The over-$3M luxury activity noted in the report is concentrated here, reflecting both new development and resale at elevated price points.
Brooklyn Heights, Cobble Hill, Dumbo, and Downtown recorded 53 contracts, up 26% year over year. Consistent strength in the borough's most expensive submarket, sustained over multiple months.
Bedford-Stuyvesant, Crown Heights, Lefferts Gardens, and Bushwick came in at 42 contracts, up 5% year over year. Modest but positive in a submarket that had been posting stronger gains earlier in the year. Relative affordability continues to draw buyers.
Carroll Gardens, Boerum Hill, and Red Hook posted 13 contracts, down 28% year over year, the sharpest annual decline of any submarket in June. This is a supply problem, not a demand problem. The buyer pool in Carroll Gardens is committed and focused. What is not there is enough inventory to buy.
Kensington, Windsor Terrace, Ditmas Park, Flatbush, and Prospect Park South recorded 33 contracts, down 3% year over year. Essentially flat in a submarket sensitive to the sub-$1M and low-$1M price points that are the softest segment in the borough right now.
Southern Brooklyn posted 66 contracts, up 14% year over year. A positive result driven by the modest 3% annual gain in sub-$1M contracts, which make up the bulk of activity in this corridor.
Nine Consecutive Months of Supply Growth. Pricing Held.
Active listings totaled 2,003, up 8% year over year, the ninth consecutive month of supply growth and the second-highest inventory figure since June 2022. Condo listings were up 2% annually. Co-op inventory grew 17% year over year for the tenth consecutive month. The supply picture is unambiguous: more is coming to market. What has not happened is the price softening that typically accompanies rising inventory. Average price per square foot has now risen in 17 of the past 21 months. The inventory building in this market is not landing where demand is strongest. It is accumulating in co-ops and in peripheral neighborhoods. In the condo segment and in core Brownstone Brooklyn, the supply-demand balance remains tight.
What June Actually Means
The 11% annual gain looks strong in isolation. It needs the asterisk: June 2025 was the weakest June in six years. The more telling figure is the 5% gap below the five-year average. Brooklyn is not in a demand surge. It is in a market with selective strength, condos, core neighborhoods, properties above $1.5M, and persistent softness in co-ops, the $1M to $1.5M band, and rate-sensitive submarkets.
For sellers in Park Slope, Prospect Heights, Fort Greene, and the surrounding neighborhoods: June reinforced what the prior three months suggested. Inventory is rising but not fast enough to give buyers leverage on well-priced properties. Condos are closing at essentially list price. Co-op bidding wars are still happening. The sellers generating multiple offers are the ones who priced correctly from the start. The listings sitting at 90 and 120 days are not waiting for the market to improve. They are waiting for a price adjustment.
For buyers: the window where preparation matters more than any other variable remains open. Condo negotiability of 0.1% below ask means the best properties are gone quickly and at full price. Co-op competition is real and getting more intense. A prepared buyer with financing in place, an attorney ready, and a clear sense of what they want is positioned to move when the right property appears. An unprepared buyer is watching those properties close without them.
Thinking About a Move?
The data is one thing. How it affects your specific block, building, and price point is another. That is what fifteen years in this market is for.