MANHATTAN

In Manhattan, 359 new listings entered the market last week, down from 492 from the previous week.

233 Manhattan contracts were signed last week, down from 250 contracts from the previous week.

34 Manhattan contracts were signed at $4M and above last week. Condos outsold co-ops 21-8, with three townhomes in the mix.

Noteworthy new contracts last week were: 

1.) 105-107 BANK STREET asking $75,000,000.

2.) 175 FIFTH AVENUE, FLOOR21 asking $58,500,000.

3.) 175 FIFTH AVENUE, FLOOR7 asking $30,500,000.

BROOKLYN

In Brooklyn, 179 new listings entered the market last week, down from 319 from the previous week.

Meanwhile, 83 Brooklyn listings entered contract last week, down from 85 contracts from the previous week.

Noteworthy new contracts in Brooklyn were:

1.) The townhouse at 357 HENRY STREET in Cobble Hill, asking $6,750,000.

2.) 160 HENRY STREET, 3C in Brooklyn Heights, asking $4,995,000.

3.) The townhouse at 407 ADELPHI STREET in Fort Greene, asking $4,895,000.

MANHATTAN

New listings dropped 17.5% year over year through Q1, with sellers pulling inventory or delaying entries amid geopolitical uncertainty and stock market volatility. That pattern is continuing. What we're watching now is whether the Iran conflict and tariff-driven equity market turbulence extend that hesitation into spring, traditionally Manhattan's most productive selling season. Signed contracts were down 11% year over year in Q1, the first annual decline since 2024, though analysts characterize it as a pause rather than a pullback: when buyers are moving, they're moving quickly and with conviction.

Thirty-four contracts above $4M, with condos outselling co-ops more than two to one, reflects a buyer cohort that is largely insulated from rate sensitivity. Hedge fund clients and others who benefit from volatility tend to come out of volatile markets in a stronger position, and that translates directly into high-end purchase activity. The two contracts at 175 Fifth Avenue and the $75M Bank Street deal are consistent with a trophy market that is running on its own logic. The number of Manhattan deals above $3M doubled in the first quarter compared to a year ago, with Wall Street bonuses averaging $246,900, up 6% in 2025. That buyer pool isn't waiting for rate relief.

BROOKLYN

Inventory in Brooklyn has returned to and marginally exceeded prior-year supply levels, unlike Manhattan where inventory remains structurally below 2025 levels. Sellers who price realistically from day one will outperform those who test the ceiling and are forced to reduce. The rate-lock effect remains a structural drag on supply: owners holding 3% mortgages have little incentive to trade into a 6%-plus financing environment, which means quality resale inventory stays scarce.

The strongest demand remains for A-plus locations, the best blocks, with Cobble Hill and Brooklyn Heights consistently among the most competitive submarkets in the borough. Brooklyn's median price per square foot reached $1,141 in February, up 17.6% year over year, reflecting genuine structural repricing rather than a compositional shift in sales. 

_{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.}