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Weekly Market Update

Weekly Market Update for Manhattan and Brooklyn – July 29-August 4, 2024

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MANHATTAN

 

In Manhattan, 172 new listings entered the market last week, down 17% from the previous week and the third lowest weekly count in 2024. 

181 Manhattan contracts were signed last week, down 12% from the previous week.

9 Manhattan contracts were signed at $5M and above. Condos outsold co-ops 5-1, with one condop and two townhouses in the mix.

Noteworthy new contracts last week were: 

1.) The townhouse at 31 Grove Street, asking $15.295M.

2.) The townhouse at 10 East 82nd Street, asking $11.5M.

3.) 955 Fifth Avenue #13B, asking $6.995M.

 

BROOKLYN

 

In Brooklyn, 159 new listings entered the market last week, down 5.9% from the previous week.

Meanwhile, 118 Brooklyn listings entered contract last week, which was 10% more than the previous week.

Noteworthy new contracts in Brooklyn were:

1.) The townhouse at 75 2nd Place in Brooklyn Heights, asking $4.995M.

2.) 444 12th Street #PHE in South Slope, asking $4.1M.

3.) The townhouse at 44 Madison Street in Bed-Stuy, asking $3.25M.

 

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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