March 2026 at a Glance

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

Brooklyn Market Snapshot | March 2026

Total contracts signed: 313 Year-over-year change: down 10% Month-over-month change: up 24% Average days on market: 79 (down from 81 last year)

Brooklyn contract activity declined 10% year over year in March, marking the ninth annual decrease in the past twelve months. Contracts signed were approximately 23% below the five-year average for March. That said, activity surged 24% versus February, consistent with typical seasonal patterns as the spring market gets underway. Days on market fell to 79, the second-shortest marketing time observed over the past 16 months, suggesting that well-priced listings are moving efficiently despite softer overall volume.

Contracts Signed by Price Range

Under $1M: 167 (down 13% year over year) $1M to $1.5M: 65 (down 13% year over year) $1.5M to $2M: 34 (down 15% year over year) $2M to $3M: 30 (up 20% year over year) Over $3M: 17 (flat year over year)

The $2M to $3M segment was the only price category to post an annual increase, up five sales from a year ago driven by new development closings. The under $1M category saw the largest nominal decline, down 24 contracts year over year, as activity softened in the borough's more southern neighborhoods.

Condo vs. Co-op Activity

Condominiums: 193 contracts signed (up 9% year over year) Cooperatives: 120 contracts signed (down 14% year over year)

Condo activity bucked the borough-wide trend, posting a 9% annual gain. Co-op contracts declined more sharply, reflecting softer demand in peripheral neighborhoods. The split between product types continues to widen, with condo demand concentrated in core neighborhoods while co-op activity remains uneven across the borough.

Brooklyn Contract Activity by Neighborhood

Park Slope & Gowanus

Contracts signed: 34
Year-over-year change: up 36%

The strongest annual gain of any submarket in March. Demand here continues to outperform the borough, reflecting tight inventory and a buyer pool that moves decisively when the right property appears.

Fort Greene, Clinton Hill & Prospect Heights

Contracts signed: 32
Year-over-year change: up 28%

Another strong annual gain, consistent with the sustained demand we have seen in this submarket throughout the past several quarters. Buyers in this area are active and prepared.

Carroll Gardens, Boerum Hill & Red Hook

Contracts signed: 15
Year-over-year change: down 50%

A significant decline after a strong March 2025. The drop reflects limited new inventory coming to market rather than a loss of buyer interest in the neighborhood.

Brooklyn Heights, Cobble Hill, Dumbo & Downtown

Contracts signed: 54
Year-over-year change: up 23%

A solid annual gain in one of Brooklyn's higher-priced submarkets, driven in part by new development activity. Buyer demand at elevated price points remains real in this corridor.

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

Contracts signed: 53
Year-over-year change: up 83%

The largest annual percentage gain of any submarket in March, nearly doubling year over year. Relative affordability and improving inventory are drawing buyers who have been priced out of core neighborhoods.

Williamsburg & Greenpoint

Contracts signed: 41
Year-over-year change: down 27%

A notable decline in one of Brooklyn's most active condo markets. Supply constraints in newer inventory continue to limit activity, though demand remains present when the right product comes to market.

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

Contracts signed: 35
Year-over-year change: down 40%

A sharp decline following strong activity a year ago. The drop is concentrated in more affordable price points where inventory has thinned considerably.

Southern Brooklyn

Contracts signed: 49
Year-over-year change: down 40%

Activity softened significantly in South Brooklyn, consistent with the broader weakness in the under $1M segment seen across the borough this month.

Inventory, Pricing, and Negotiability

Active listings: 1,766 (up 12% year over year, up 9% versus February 2026)

Inventory increased for the sixth consecutive month, with condo listings up 9% and co-op listings up 16% year over year. The continued inventory growth reflects softening activity in more peripheral, mortgage rate-sensitive areas of the borough.

Average price per square foot: $1,299 (up 11% year over year, down 1% versus February 2026) Condo price per sq ft: $1,405 (up 5% year over year) Co-op price per sq ft: $825 (up 26% year over year)

Average price per square foot climbed 11% annually, its fourteenth year-over-year increase in the past eighteen months. The co-op spike of 26% was driven in part by a contract in Brooklyn Heights asking over $2,000 per square foot.

Overall negotiability averaged 0.1% above ask, reflecting continued buyer demand for well-positioned listings. Condo negotiability fell to 1.6% below ask, marking only the third time in the past twelve months that discounts averaged more than 1%. Co-op negotiability landed 4% above ask on average, driven by several bidding wars that resulted in sales 15% or more above asking price.

Reading the Market

March tells two stories simultaneously. At the borough level, signed contracts are down and sitting well below the five-year average. Pull back from that headline and a different picture emerges. Park Slope and Prospect Heights posted the two strongest annual gains in the borough. Co-ops are generating bidding wars. Days on market are near their lowest point in over a year. Average pricing continues to set records.

What March confirms is a pattern that has been consistent for several quarters now: the market rewards correctly priced, well-presented properties in the right neighborhoods with speed and competition. Everything else is sitting longer in a market with more choices. If you are thinking about selling this spring and want to understand where your property fits into all of this, I am happy to give you a straight read on it.

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Brooklyn Monthly Report