Weekly Market Update

Weekly Market Update for Manhattan and Brooklyn – April 22-28, 2024

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MANHATTAN

 

In Manhattan, 426 new listings entered the market last week, down 2.1% from the previous week. Look for new listings volume to continue to stair step down little by little throughout May.

229 Manhattan contracts were signed last week, up 12% 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 12-3, with four townhouses in the mix.

Noteworthy new contracts last week were: 

1.) 1 Central Park West, 47BC asking $27.5M

2.) The Townhouse at 110 East 70th Street asking $25.5M, 

3.) 125 Perry Street #3W asking $19.95M.

 

BROOKLYN

 

In Brooklyn, 197 new listings entered the market last week, down 1.5% from the previous week.

Meanwhile 142 Brooklyn listings entered contract last week, which was 2% fewer than the previous week.

Noteworthy new contracts in Brooklyn were:

1.) The multifamily building at 235 Berry Street in Williamsburg, asking $12M

2.) 390 Degraw Street in Carroll Gardens, asking $7.5M

3.) The mixed-use building at 5713 8th Avenue in Sunset Park, asking $5.888M

 

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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