Weekly Market Update

Weekly Market Update for Manhattan and Brooklyn – October 1-7, 2023

Share this on:

In Manhattan, 375 new listings entered the market last week, down 6.5% from the previous week, remaining just below levels this week in 2022 and 2020.

180 contracts were signed last week, up 47% from the previous week and very close to 2022 and 2020 levels. 

Somewhat astonishingly, 26 Manhattan contracts were signed at $4M and above, six more than the previous week. Condos outsold co-ops 17-6, with three townhouses in the mix.

Noteworthy new contracts last week were #PH88B at 15 Hudson Yards, asking $24.975M, #70W at Central Park Tower 217 West 57th Street, asking $19.925M, and #8301 at 35 Hudson Yards, asking $16.995M.

In Brooklyn, 174 new listings entered the market last week, down 10% from the previous week, and well below levels in previous years.

108 Brooklyn listings entered contract last week, which was 14% higher than the previous week, but still below 2022.

Noteworthy new contracts in Brooklyn were the townhouse at 416 7th Street in Park Slope, asking $3.6M and the PH2F at 22 North 6th Street in Williamsburg, asking $2.75M.

 

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