Weekly Market Update

Weekly Market Update for Manhattan and Brooklyn – April 15-21, 2024

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MANHATTAN

 

In Manhattan, 435 new listings entered the market last week, down 3.5% from the previous week, remaining consistent with past years for this particular week of this year.

205 Manhattan contracts were signed last week, down 14% from the previous week. Contract volume is on pace to finish the month of April below the 10-year rolling average.

19 Manhattan contracts were signed at $5M and above. Condos outsold co-ops 15-2, with one townhouse and one condop in the mix.

Noteworthy new contracts last week were:

1.) One High Line 500 WEST 18TH STREET, WEST_PH34B asking $25.600M

2.) 21 EAST 26TH STREET, PH asking $24.990M,

3.) One High Line 500 WEST 18TH STREET, WEST_31A asking $19.375M.

 

BROOKLYN

 

In Brooklyn, 200 new listings entered the market last week, down 19% from the previous week, which is also consistent with past years for this particular week of this year.

Meanwhile, 145 Brooklyn listings entered contract last week, which was 16% more than the previous week.

Noteworthy new contracts in Brooklyn were:

1.) 336 DE GRAW STREET in Carroll Gardens, asking $12M

2.) 105 HOYT STREET in Boerum Hill, asking $5.495M

3.) 867 PRESIDENT STREET in Park Slope, asking $5M

 

Data for this report is deemed reliable at the time of collection, but is not guaranteed accurate. Data points were collected from ReSource and Urbandigs. Analysis and conclusions are subject to errors, omissions and revisions.

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