Weekly Market Update

Weekly Market Update for Manhattan and Brooklyn – April 19, 2023

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In Manhattan, 429 new listings entered the market last week, up 26% from the previous week and returning to normal levels from last week.

141 contracts were signed last week – down a whopping 43% from the previous week and the second slowest week of new contracts so far in 2023.

26 Manhattan contracts were signed at $4M and above, four more than the previous week. Condos outsold co-ops 16-5, with five townhouses in the mix.

Noteworthy new contracts last week were #17S at 111 West 57th Street, asking $15.75M, and #1112 at 225 West 86th Street, asking $13.195M.

In Brooklyn, 195 new listings entered the market last week, up 4.3% from the previous week.

103 Brooklyn listings entered contract last week, which is 35% lower than the previous week.

Average OH attendance in Brooklyn increased 64% this weekend to 9.92 per open house, from 4.33 per open house the weekend prior. 

Noteworthy new contracts signed in Brooklyn last week were the townhouse at 185 Amity Street in Cobble Hill, asking $6.5M, the townhouse at 10 Prospect Place in Park Slope, asking $4.25M, and the four-family townhouse at 42 Douglass Street in Cobble Hill, asking $4.2M.

Open house attendance throughout NYC this past weekend increased by 32% from the previous holiday weekend, with an average of 3.81 parties per open house.

 

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

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