Weekly Market Update

Weekly Market Update for Manhattan and Brooklyn – April 8-14, 2024

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MANHATTAN

 

In Manhattan, 451 new listings entered the market last week, down 14% from the previous week, remaining consistent with past years for this particular week of this year.

239 Manhattan contracts were signed last week, recovering by 16% from the previous week.

13 Manhattan contracts were signed at $5M and above. Condos outsold co-ops 11-1, with one townhouses in the mix. Noteworthy: Contract volume in the luxury sector was very light last week, during that is typically a peak week of the spring selling season.

Noteworthy new contracts last week were: 

1.) 1965 Broadway, PH3BC asking $15.995M

2.) 10 Madison Square West, 11D asking $12.5M, 

3.) 50 Wooster Street, 5N asking $9.995M.

 

BROOKLYN

 

In Brooklyn, 240 new listings entered the market last week, down 11% from the previous week, which is also consistent with past years for this particular week of this year.

Meanwhile 126 Brooklyn listings entered contract last week, which was 8% fewer than the previous week. Weekly contract volume has been below the rolling average for the past three weeks.

Noteworthy new contracts in Brooklyn were:

1.) 325 Henry Street, 2B in Cobble Hill, asking $4.9M

2.) Multifamily building 111 4th Place in Carroll Gardens, asking $4.3M

3.) The townhouse at 260 Clinton Avenue in Clinton Hill, asking $3.995M

 

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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