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: Jan 17 to 23, 2026
MANHATTAN | CONDOS & CO-OPS
First year-over-year gain of 2026 emerges: 163 contracts marked a 2% annual increase despite an 8% weekly pullback—a notable inflection after weeks of negative comparisons, suggesting the market may be finding its footing.
Luxury segment reverses course dramatically: Activity above $5M surged 64% year-over-year with 18 contracts, while the sub-$5M market contracted 3%—a complete inversion from recent weeks where core luxury outperformed ultra-luxury.
Upper East Side commands the borough: With 54 contracts (+35% YoY), the UES dominated Manhattan activity, while Upper Manhattan collapsed 47% annually and Midtown fell 34%—geographic concentration is intensifying around traditional prestige corridors.
Co-ops outpace condos: Resale co-ops posted 92 contracts (+14% YoY) while new development declined for the ninth consecutive week (-16% YoY)—signaling buyer preference is shifting toward established buildings with proven financials.
Trophy co-op market reawakens: The week's top contract at The Dakota (#33) asking $24M at $3,364 per square foot represents the second-highest co-op sale in six months—evidence that iconic addresses retain pricing power even in cautious markets.
Insight 💡
The Signals Beneath NYC’s January Pause
January isn’t loud — it’s revealing. Recent activity shows buyers re-entering thoughtfully, not urgently, while sellers test the market with more realism than hype. Contracts are still getting signed, but momentum is selective, favoring well-priced, well-positioned homes. In both Manhattan and Brooklyn, the market is less about speed and more about alignment. This is the part of the year where intention matters more than volume, and where early signals often shape the spring ahead.
January clarifies who’s ready — and why.
Let’s read the early-year signals and plan your next move accordingly.
WEEKLY REPORT: Jan 17 to 23, 2026
BROOKLYN | CONDOS & CO-OPS
Fifth consecutive week of annual decline: 53 contracts represented a 2% year-over-year drop, extending Brooklyn's softening trend—though the rate of decline is moderating compared to recent double-digit contractions.
Townhouse and multi-family surge offsets condo weakness: House and townhouse contracts above $1M jumped 367% week-over-week and 133% annually, while apartment product types fell a combined 11%—buyers are pivoting decisively toward ownership with land.
Upper price tiers strengthen significantly: The $2M–$3M and $3M+ segments each doubled week-over-week and posted triple-digit annual gains, while the $750K–$1M bracket collapsed 64% year-over-year—Brooklyn's bifurcation between entry-level and luxury deepens.
Bed-Stuy and Bushwick maintain momentum: These submarkets added 8 contracts year-over-year to lead Brooklyn, while Park Slope rebounded dramatically from last week's collapse with a 300% weekly surge—volatility remains high across neighborhoods.
Designer-pedigree townhouses command premiums: The week's top sale—a 22-foot-wide Carroll Gardens townhouse at 381 Union Street asking $7.3M with AD100 designer Billy Cotton interiors—demonstrates that architectural distinction drives luxury townhouse velocity.
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.