MANHATTAN

In Manhattan, 698 new listings entered the market last week, up from 359 from the previous week.

246 Manhattan contracts were signed last week, up from 233 contracts from the previous week.

38 Manhattan contracts were signed at $4M and above last week. Condos outsold co-ops 24-11, with three townhouses in the mix.

Noteworthy new contracts last week were: 

1.) 50 WEST 66TH STREET, 40N asking $23,500,000.

2.) 16 FIFTH AVENUE, 16 asking $16,000,000.

3.) 67 BEDFORD STREET asking $15,900,000.

April is the month of the year with the highest number of new listings. Listings that debut in June face meaningfully thinner buyer pools. The surge in supply is welcome context for a market that entered Q1 with constrained inventory (down 9.9% from this time last year), but a more revealing number is what happened at the top. Thirty-eight contracts at $4M and above, with condos outselling co-ops 24 to 11, reflects a luxury tier that's operating with its own momentum. The Iran ceasefire announced April 7 reversed part of the equity pressure that had been building since February, and investors regained confidence that the economy could absorb policy changes better than many expected. That shift in sentiment matters to Manhattan's buyer pool.

The macro backdrop is worth mentioning. Markets have remained hypersensitive to trade-related headlines since the Liberation Day announcements of April 2025 triggered a nearly 20% selloff in the S&P 500 over seven weeks, and the current environment includes a global baseline tariff of 10% set to remain in effect until July 24, 2026. For Manhattan real estate, however, the relationship between equity volatility and purchase activity is more nuanced than national headlines suggest. The NYC market is one of the least rate-sensitive across all price points, and if the stock market slows, more buyers at the luxury tier are expected to consider paying cash rather than pulling back entirely.

BROOKLYN

In Brooklyn, 290 new listings entered the market last week, up from 179 from the previous week.

Meanwhile, 91 Brooklyn listings entered contract last week, up from 83 contracts from the previous week.

Noteworthy new contracts in Brooklyn were:

1.) The townhouse at 10 SIDNEY PLACE in Brooklyn Heights, asking $8,450,000.

2.) The townhouse at 382 DEGRAW STREET in Carroll Gardens, asking $7,450,000.

3.) The townhouse at 426 8TH STREET in Park Slope, asking $6,200,000.

Brooklyn entered spring 2026 more balanced than Manhattan, with supply rising year over year, days on market lengthening, and contract volume below 2025 levels. At the same time, median price per square foot has surged 13.4% year over year, and nearly one in four sales is closing above asking price. Those two signals in the same market reflect the split between the demand for premium product and everything else.

The window of relative buyer leverage may be shorter than it appears, and both buyers and sellers who act decisively in the first eight weeks of spring are historically best positioned. With tariff-driven construction cost uncertainty continuing to suppress new development pipelines, the demand for resale townhouse inventory in prime Brooklyn neighborhoods remains high. With storm clouds on the horizon, buyers who've been waiting for a better moment are finding that the spring window they were waiting for is already open.

_{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.}