Weekly Market Update

Weekly Market Update for Manhattan and Brooklyn – March 18-March 14, 2024

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MANHATTAN

In Manhattan, 465 new listings entered the market last week, up 4.7% from the previous week, and still tracking at pace–just slightly above levels set for this week in 2023, 2021 and 2019.

278 Manhattan contracts were signed last week, up 23% from the previous week. It was the highest number of weekly contracts so far in 2024 in a jump above the level set for this week in 2021 and 2019. Here’s to another strong week heading into the holiday weekend.

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.) 125 PERRY STREET is reported to have entered contract last week, asking $57.5M

2.) The townhouse at 109 WAVERLY PLACE, asking $19.995M,

3.) One High Line 527 WEST 27TH STREET, PHA asking $17.995M.

 

BROOKLYN

In Brooklyn, 223 new listings entered the market last week, up 3.7% from the previous week, and still trending closely to very light 2023 levels.

Meanwhile 158 Brooklyn listings entered contract last week, which was 12.9% more than the previous week, and the highest number of new contracts signed in Brooklyn so far in 2024.

Noteworthy new contracts in Brooklyn were:

1.) The multifamily building at 238 NORTH 5TH STREET in Williamsburg, asking $6.395M

2.) 39 SOUTH PORTLAND AVENUE in Fort Greene, asking $5M

3.) The townhouse at 351 4TH STREET in Park Slope, asking $4.595M

 

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 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.

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