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Weekly Market Update

Weekly Market Update for Manhattan and Brooklyn – August 19-August 25, 2024

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MANHATTAN

 

In Manhattan, 140 new listings entered the market last week, down 23% from the previous week.

193 Manhattan contracts were signed last week, down 10% from the previous week.

15 Manhattan contracts were signed at $5M and above. Condos outsold co-ops 8-5, with two townhouses in the mix.

Noteworthy new contracts last week were:

1.) The townhouse at 12 East 79th Street asking $36M.

2.) 220 Central Park South #39A asking $34.5M.

3.) 140 WEST 12TH STREET, PH8 asking $32M.

 

BROOKLYN

 

In Brooklyn, 127 new listings entered the market last week, down 22% from the previous week.

Meanwhile, 124 Brooklyn listings entered contract last week, which was 1.5% fewer than the previous week.

Noteworthy new contracts in Brooklyn were:

1.) The townhouse at 576 BERGEN STREET in Prospect Heights, asking $5.2M.

2.) Quay Tower 50 BRIDGE PARK DRIVE, 20C in Brooklyn Heights, asking $3.57M.

3.) 77 Monroe Street in Bed-Stuy, asking $3.2M.

 

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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With over a decade of expertise in Manhattan and Brooklyn, Brandon Mason looks forward to providing you with a real estate experience that is second to none. Feel free to explore our website, and contact Brandon with any questions you may have.

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