NYC Real Estate Market Reports
Brooklyn & Manhattan Real Estate
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If you’re buying, selling, or simply keeping an eye on the Brooklyn market, I’m happy to share a clear, grounded perspective.
Brooklyn & Manhattan Real Estate
Brooklyn recorded 272 contracts in August 2026, its slowest August in a decade. The split between the luxury market and everything below $2M has never been clearer.
Manhattan's slowest August since 2020 had more to do with a decade-low inventory than with softening demand. Here is what the data actually shows.
Brooklyn's townhouse market posted its strongest second quarter in years, with sales up 35%, average price per square foot crossing $1,000, and the over-$4M tier posting a 45% annual gain in closings.
Brooklyn's second quarter produced record prices and the strongest contract growth in four years, even as closings declined. The two numbers are telling different parts of the same story.
Brooklyn posted an 11% annual contract gain in June, driven by condos and a luxury surge above $3M. Co-ops ended five consecutive months of declines.
Manhattan recorded 1,150 signed contracts in June 2026, its strongest June in four years. Co-ops rose 16%, every submarket gained, and inventory hit its lowest June level since 2017.
Brooklyn posted its first annual contract gain in five months in May 2026, driven entirely by the luxury market. Over-$3M deals more than doubled while sub-$1M activity kept falling.
Manhattan posted its best contract month in three years in May 2026. Inventory hit a nine-year May low. Co-ops are closing above ask at three times last year's rate.
Brooklyn's townhouse market had its strongest first quarter since 2022, with sales up 8%, single-family prices jumping 24%, and luxury closings above $4 million surging 58% year over year.
Brooklyn condo and co-op contracts declined annually in March 2026 but surged from February as the spring market arrived, with days on market near a 16-month low and pricing continuing to climb.
Brooklyn's Q1 2026 market saw fewer closings but near-record pricing, faster marketing times, and sharp variation by neighborhood.
Brooklyn’s March 2026 rental market saw 1,320 leases signed, tighter inventory, faster deals, and rents near records, with neighborhood trends varying widely across the borough.
Brooklyn condo and co-op contract activity slowed in January 2026 while pricing and price per square foot continued to rise, reflecting selective demand amid shifting inventory.
Q4 2025 brought higher Brooklyn townhouse sales alongside modest price adjustments, reflecting a more selective but active buyer pool.
Manhattan townhouse sales rose in Q4 2025 as pricing adjusted, with demand varying sharply by neighborhood and property type.
If you’re buying, selling, or simply keeping an eye on the Brooklyn market, I’m happy to share a clear, grounded perspective.