Weekly Market Update

Weekly Market Update for Manhattan and Brooklyn – March 7, 2023

Share this on:

In Manhattan, 429 new listings entered the market last week, up 38% from the previous week, and the highest number of new listings in one week so far in 2023.

233 contracts were signed last week – up 19% from the previous week, and the second highest number of new contracts signed in one week so far in 2023.

31 Manhattan contracts were signed at $4M and above, 8 more deals than the previous week. Condos outsold co-ops 19-10, with one condop and one townhouse in the mix.

Noteworthy new contracts last week were the 64th floor at 230 West 56th Street, asking $14.5M, and #3D at 50 West 66th Street, asking $12.25M.

In Brooklyn, 158 new listings entered the market last week, a 6% decrease from the previous week. 

128 Brooklyn listings entered contract last week, which is 14% more than the previous week.

Noteworthy new contracts signed in Brooklyn last week were the townhouse at 355 President St in Carroll Gardens, asking $5.25M, the multifamily building at 51 Fifth Ave in Park Slope, asking $4.950M, and #10A at 50 Bridge Park Drive in Brooklyn Heights, asking $4.8M.

The open house attendance this past weekend climbed to 3.37 parties per open house. This is 17% more than on the weekend of February 25-26, when we recorded 2.88 parties per open house.

22.47% of all open houses in our survey recorded zero attendance. The prior weekend that number was 21.2%. For perspective, on the weekend of December 18 39% of all open houses recorded zero attendance.

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