09/03/2025
📊 Manhattan Weekly Market Update
Below are some key highlights from the week:
Last week, 61 contracts were reported signed, down 18% (13 sales) year-over-year and 2% (one sale) versus the previous week.
✨ This marks the first recorded annual sales decline in the past three weeks.
🌇 Resale condo sales rose by 10%, while new development and resale co-op transactions declined by 9% and 4%, respectively.
💰 Versus 2024, sales below 59th Street rose by 6% annually, while those above 59th Street declined by 3%.
⭐️ The top contract was at One High Line, West 24D — asking $14.53M ($3,678 PPSF).
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📊 Brooklyn Weekly Market Update
Below are some key highlights from the week:
Last week, 61 contracts were reported signed, down 18% (13 sales) year-over-year and 2% (one sale) versus the previous week.
✨ Resale condo sales dropped 50% year-over-year to its lowest figure of third quarter.
💰 Compared to last year, signed contracts under $1M were level, while activity over $1M dropped 48%.
🏙 Contract activity fell year-over-year in four of eight submarkets. Brooklyn Heights/Cobble Hill/Dumbo/Downtown Brooklyn had the largest decrease, due to a drop in resale condo sales in Downtown Brooklyn.
⭐️ Last week’s most expensive contract was a four bedroom sponsor sale at Bergen Brooklyn (now more than 70% sold), featuring 1,070 square feet of outdoor space.
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