Weekly Market Update

Weekly Market Update for Manhattan and Brooklyn – December 4-10, 2023

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In Manhattan, 180 new listings entered the market last week, up .6% from the previous week, yet still a little below levels for this week in 2022.

176 Manhattan contracts were signed last week, up 57% from the previous week, exactly on historical trend for this month and well above the level set for this week in 2022.

18 Manhattan contracts were signed at $5M and above, five more than the previous week. Condos outsold co-ops 8-7, with three townhouses and one condop in the mix.

Noteworthy new contracts last week were the penthouse at 993 Fifth Avenue, asking $19.95M, #8/9A at 50 Central Park West, asking $17.99M, and #32 at 40 Mercer Street, asking $9.995M. There was a report of a $32M deal at The Greenwich Lane last week, but Resource was not able to confirm today, (12/11).

In Brooklyn, 116 new listings entered the market last week, down 9% from the previous week.

127 Brooklyn listings entered contract last week, which was 28% higher than the previous week, matching the count for this week in 2022.

Noteworthy new contracts in Brooklyn were the multifamily building at 323 Clinton Street in Carroll Gardens, asking $6.5M and the townhouse at 298 Dekalb Avenue, asking $5.999M.

 

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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