MANHATTAN

In Manhattan, 318 new listings entered the market last week, down 9% from the previous week, but 5% above levels for this week in 2023.

198 Manhattan contracts were signed last week, down 12% from the previous week, but slightly above levels set for this week in 2023.

Momentum is continuing to shift away from the buy side. A lack of inventory along with increased strength of demand is beginning to create a favorable pricing environment for sellers.

21 Manhattan contracts were signed at $5M and above. Condos outsold co-ops 11-7, with three townhouses in the mix.

Noteworthy new contracts last week were: 

1.) 107/108 at Central Park Tower 217 West 57th Street, asking $149M

2.) 135 EAST 79TH STREET, PH15W, asking $19.995M, 

3.) #7A at 27 WOOSTER STREET, asking $18.95M.

BROOKLYN

In Brooklyn, 140 new listings entered the market last week, down 18% from the previous week, but still trending closely to very light 2023 levels.

Meanwhile 118 Brooklyn listings entered contract last week, which was 6% fewer than the previous week, but above levels set in 2023. 

Noteworthy new contracts in Brooklyn were:

1.) #30C at 1 Clinton Street in Brooklyn Heights, asking $4.95M 

2.) #28C at 1 Clinton Street in Brooklyn Heights, asking $4.9M

3.) #15A at 50 Bridge Park Drive, Quay Tower, asking $4.725M

_{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.}