MANHATTAN & BROOKLYN | WEEKLY SCOOP
Look Around. 🫣 @tarikpeat
The In-Between
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.
As the grandson of a Jamaican developer and seasoned short-term rental investor, Tarik brings generational real estate knowledge to luxury NYC properties and Greenwich Village specialization. He's passionate about connecting with clients and sharing his expertise while leveraging Corcoran's extensive resources and strong market influence to position you for successful transactions. I'd love to hear all of your real estate questions today!
WEEKLY REPORT: Aug 16 to 22, 2025
MANHATTAN | CONDOS & CO-OPS
Sustained Recovery Momentum: The market has achieved three consecutive weeks of year-over-year growth (+9% YoY), signaling a stabilizing trend despite short-term weekly volatility (-7% WoW).
Co-op Market Driving Growth: Resale co-op transactions surged 22% annually, representing the primary catalyst for overall market gains and suggesting renewed confidence in this ownership structure.
Luxury Segment Contraction: High-end transactions above $5M declined 21% year-over-year, while sub-$5M sales increased 12%, indicating a pronounced shift toward mid-market price points.
Geographic Concentration Patterns: Upper East Side and Financial District showed the strongest performance metrics, while traditional luxury enclaves like Upper West Side experienced notable declines (-29% contracts).
Transaction Volume Normalization: At 202 weekly contracts, activity levels approach historical norms, suggesting market conditions are stabilizing after previous volatility periods.
WEEKLY REPORT: Aug 16 to 22, 2025
BROOKLYN | CONDOS & CO-OPS
Premium Segment Outperformance: Transactions above $1M jumped 32% year-over-year while sub-$1M activity declined 24%, demonstrating clear market bifurcation toward higher price points.
Resale Condo Market Acceleration: Condominium resales increased 35% annually to five-week highs, indicating strong investor and end-user demand in this product category.
Geographic Diversification Success: Four of eight submarkets maintained or increased contract activity year-over-year, suggesting broad-based market resilience across diverse neighborhoods.
Weekly Volatility Concerns: The 23% week-over-week decline highlights continued market sensitivity, though annual trends remain more stable (-3% YoY).
Entry-Level Market Softness: Significant contraction in sub-$1M transactions suggests affordability constraints are limiting market participation among first-time buyers and lower-income segments.
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.