MANHATTAN & BROOKLYN | WEEKLY SCOOP
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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.
WEEKLY REPORT: Feb 7 to Feb 13, 2026
MANHATTAN | CONDOS & CO-OPS
Ultra-luxury sets all-time record: Five contracts above $20M marked the highest weekly count since this report launched in 2020—a historic concentration of trophy deals headlined by 1122 Madison Avenue's 18th floor at $39M ($7,427 PPSF), the second-priciest sale of the year.
Resale condos deliver third consecutive week of annual gains: 67 contracts (+14% YoY) made condos the only major product type posting year-over-year growth—a sustained outperformance streak that signals buyer preference has shifted decisively toward flexibility and modern finishes.
New development momentum stalls: 33 contracts (-27% WoW, -18% YoY) reversed the prior two weeks' gains, suggesting the sponsor recovery may be uneven rather than sustained—buyers remain selective despite improved sentiment.
Upper Manhattan surges as other submarkets retreat: With 18 contracts (+64% WoW), Upper Manhattan outperformed dramatically, while Midtown fell 24% and the Upper West Side dropped 18%—geographic rotation continues at a rapid pace.
Price discovery widens across tiers: Activity was flat or down year-over-year at nearly every price point except the $1M–$3M segment (+8%) and above $20M (+67%)—the market's strength is concentrated at the extremes, with the middle thinning.
Insight 💡
Why February Is More Important Than You Think
By the time the spring market feels busy, the smart moves have already been made. February is when buyers quietly secure financing, refine priorities, and study inventory patterns. Sellers use this window to prepare pricing strategy, staging, and timing before competition rises. In NYC, momentum doesn’t begin in March — it builds in the weeks before. Those who prepare now enter spring with clarity instead of urgency.
Preparation creates leverage before competition returns.
Let’s position your next move ahead of the spring surge.
WEEKLY REPORT: Feb 7 to Feb 13, 2026
BROOKLYN | CONDOS & CO-OPS
Annual decline deepens to historic levels: 80 contracts marked a 29% year-over-year drop—the third consecutive week exceeding 25% annual decline, a streak not seen since September 2023 and signaling systemic weakness rather than seasonal softness.
Co-ops emerge as sole resilient product type: 28 resale co-op contracts matched last year exactly (0% YoY) while every other product category contracted—suggesting value-conscious buyers are pivoting to Brooklyn's most affordable ownership option.
Single-family collapses after last week's surge: Just 3 contracts (-86% YoY) reversed the prior week's 42% annual gain—volatility in the townhouse segment underscores thin transaction volume rather than sustained trend.
Luxury above $3M more than doubles: While activity at every price point under $3M fell annually, the $3M+ segment surged—Brooklyn's bifurcation between entry-level distress and high-end resilience continues to intensify.
One Domino Square sets Williamsburg record: The week's top sale at $7M ($3,313 PPSF) became the highest price-per-square-foot transaction ever recorded in Williamsburg—demonstrating that trophy waterfront product can still command unprecedented premiums.
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.