Weekly Market Update

Weekly Market Update for Manhattan and Brooklyn – October 8-14, 2023

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In Manhattan, 336 new listings entered the market last week, down 10% from the previous week. The rate of weekly new listings is trending just slightly below 2021 and 2022 levels.

149 contracts were signed last week, down 17% from the previous week. The rate of weekly new contracts is trending just slightly below 2020 and 2022 levels. 

16 Manhattan contracts were signed at $4M and above, ten fewer than the previous week. Condos outsold co-ops 10-5, with one townhouse in the mix.

Noteworthy new contracts last week were #28AD at One High Line, 500 West 18th Street asking $22,120,000, and the penthouse at 137 Duane Street, asking $18M.

In Brooklyn, 203 new listings entered the market last week, up 14% from the previous week, and above the level this week last year. The rate of weekly new listings in Brooklyn is trending on par with 2022 and well below 2021 levels.

121 Brooklyn listings entered contract last week, which was 12% lower than the previous week. The rate of weekly new listings in Brooklyn is trending below 2022 and very far below 2021 levels.

Noteworthy new contracts in Brooklyn were the townhouse at 149 Kane Street in Cobble Hill, asking $6.995M and the $S100 at 130 Furman Street in Brooklyn Heights, asking $5.990M.

 

Data for this report is deemed reliable at the time of collection, but is not guaranteed accurate. Data points were collected from ReSource. Analysis and conclusions are subject to errors, omissions and revisions.

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