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MANHATTAN & BROOKLYN | WEEKLY SCOOP

Look Around 🫣 @tarikpeat

The In-Between

Hi {{ First Name | Scooper }}! Just like our favorite streaming series, every story has a beginning, an end, and the all-important in-between.

In-between each monthly scoop, NYC’s real estate market continues to churn with transactions. I’m here to keep you in the loop. Expect a concise, weekly snapshot of the market’s latest moves—straight to the point, just for you.

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WEEKLY REPORT: Nov 29 to Dec 5, 2025
MANHATTAN | CONDOS & CO-OPS

  • Luxury market surges while ultra-luxury softens: Properties between $5M-$10M saw a 70% week-over-week increase in contract activity, and the $20M+ segment jumped 100%, but the $10M-$20M tier declined 29%—suggesting strategic repositioning in the high-end market.

  • New development momentum accelerates: New development contracts surged 61% week-over-week despite being down 29% year-over-year, signaling renewed buyer confidence in new construction as inventory constraints ease.

  • Geographic disparity reveals opportunity zones: Financial District & Battery Park City led with 167% weekly growth, while Upper Manhattan rose 80%—contrasting sharply with Downtown's modest 3% gain, indicating where buyer attention is concentrating.

  • Larger floor plans command premium demand: Four+ bedroom units saw 214% weekly growth and three-bedrooms jumped 124%, reflecting sustained appetite for spacious living despite the market's overall modest 1% year-over-year growth.

  • Market finds equilibrium after holiday slowdown: The 34% week-over-week bounce follows Thanksgiving disruption, bringing year-to-date activity to just 3% growth—suggesting a stabilizing market finding its baseline after 2024's volatility.

Insight 💡

The Market Isn’t Frozen — It’s Focused

Despite the seasonal slowdown, the NYC market hasn’t stalled — it’s narrowed. Buyers are more selective, sellers are more realistic, and deals are getting done where expectations align. In recent weeks, activity has concentrated around well-priced, well-prepared listings, while everything else waits. This is when strategy matters most: understanding which homes are still moving, and why, makes all the difference in quieter markets.

Focused markets reward clarity, not hesitation.

If you’re thinking about buying, selling, or investing, let’s look at what’s actually moving right now.

WEEKLY REPORT: Nov 29 to Dec 5, 2025
BROOKLYN | CONDOS & CO-OPS

  • Broad-based contraction signals recalibration: Contracts fell 15% year-over-year with declines across all price points above $500K, including a 25% drop in both the $1M-$2M core segment and $3M+ luxury tier—indicating market-wide pricing pressure.

  • New development loses steam while resale co-ops gain: New development activity declined 5% and resale condos dropped 12%, but resale co-ops rose 24%—suggesting buyers are rotating toward more affordable ownership structures.

  • Neighborhood performance bifurcates sharply: Brooklyn Heights/Cobble Hill/Dumbo/Downtown Brooklyn surged 150% and Kensington/Wingate Tower area jumped 88%, while Fort Greene/Clinton Hill/Prospect Heights collapsed 58%—creating distinct winner and loser submarkets.

  • Single-family and townhouse sector weakens: Combined house and townhouse activity dropped 23% week-over-week and 10% year-over-year, with multi-family properties down 13%—reflecting pullback in the alternative asset residential category.

  • Studio demand spikes amid broader softness: Studio contracts surged 400% while one-bedrooms fell 31% and larger units showed mixed performance, suggesting entry-level buyers are capitalizing on market conditions that have sidelined move-up purchasers.

As the grandson of a Jamaican developer, real estate has always been part of my life. I love helping people buy, sell, and invest in NYC—especially in Greenwich Village and luxury homes. Owning short-term rentals myself, I understand the practical side of investing. With Corcoran’s resources, I aim to make every step simple, clear, and focused on your goals.

All information contained within this document is intended for informational purposes only and is sourced from sources that are considered reliable. Although the information is believed to be accurate, it is presented subject to omissions, errors, modifications, or withdrawal without prior notice. This is not intended to solicit property that has already been listed. Equal Housing Opportunity.

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