Weekly Market Update

Weekly Market Update for Manhattan and Brooklyn – March 25-March 31, 2024

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MANHATTAN

 

In Manhattan, 350 new listings entered the market last week, down 25% from the previous week, which is consistent with past years for this particular week of this year.

243 Manhattan contracts were signed last week, down 12.6% from the previous week.

Contract volume for the month of March finished below the previous nine-year rolling average for the tenth month in a row, this time by 12%.

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

Noteworthy new contracts last week were: 

1.) The townhouse at 45 West 70th Street, asking $14.9M

2.) The 8th Floor at 1125 Fifth Avenue asking $9.995M, 

3.) 100 East 53rd Street #52A asking $9.3M.

 

BROOKLYN

 

In Brooklyn, 166 new listings entered the market last week, down 26% from the previous week, which is also consistent with past years for this particular week of this year.

Meanwhile 134 Brooklyn listings entered contract last week, which was 15% fewer than the previous week. 

Contract volume for the month of March finished below the previous nine-year rolling average for the eighth month in a row, this time by 11%.

Noteworthy new contracts in Brooklyn were:

1.) The townhouse at 146 Berkeley Place in Park Slope, asking $4.5M

2.) 151 Milton Street in Greenpoint, asking $3.48M

3.) Quay Tower 50 Bridge Park Drive, 19C in Brooklyn Heights, asking $3.450M

 

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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