Weekly Market Update

Weekly Market Update for Manhattan and Brooklyn – March 11-March 17, 2024

Share this on:

MANHATTAN

In Manhattan, 444 new listings entered the market last week, down 1.3% from the previous week, but tracking at pace–just slightly above levels set for this week in 2023, 2021 and 2019.

225 Manhattan contracts were signed last week, up 11% from the previous week, but slightly below the level set for this week in 2021 and 2019–seasonally a little light, but a welcome recovery from the doldrums of Q3 and Q4 2023.

23 Manhattan contracts were signed at $5M and above. Condos outsold co-ops 18-2, with three townhouses in the mix.

Noteworthy new contracts last week were:

1.) 50 WEST 66TH STREET, 41NS asking $46.750M

2.) The townhouse at 60 BANK STREET, asking $11.5M,

3.) One High Line 500 WEST 18TH STREET, WEST27C asking $11.195M.

 

BROOKLYN

In Brooklyn, 214 new listings entered the market last week, down 5.3% from the previous week, but still trending closely to very light 2023 levels.

Meanwhile 141 Brooklyn listings entered contract last week, which was 1.4% more than the previous week, and on par with the level set in 2023.

Noteworthy new contracts in Brooklyn were:

1.) 50 BRIDGE PARK DRIVE, PH3C in Brooklyn Heights, asking $6.5M

2.) 325 HENRY STREET, PHB in Cobble Hill asking $5.995M

3.) The townhouse at 238 BERGEN STREET in Boerum Hill, asking $5.75M

 

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.

Local Knowledge and a Global Network

With decades 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.

Let's Connect