MANHATTAN & BROOKLYN | WEEKLY SCOOP
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The In-Between
Hi {{ First Name | Scooper }}! Headlines cover the market monthly. Deals happen daily. This is what moved in between — one week of Manhattan and Brooklyn contracts, distilled to what matters.
WEEKLY REPORT: July 25 - 31, 2026
MANHATTAN | RESIDENTIAL SALES
Largest annual gain in six weeks: 215 contracts (+10% YoY) marked the strongest year-over-year performance since mid-June, as all product types except new development posted annual increases—a broad-based rebound from last week's summer low.
Resale condos surge 40% year-over-year: 80 contracts extended the sustained resale momentum, while co-ops (+6% YoY) and townhouses (+67% YoY) also posted gains—confirming that secondary inventory continues outpacing sponsor product.
New development posts third consecutive annual decline: 15 contracts (-42% YoY) marked the largest sponsor drop since March 2026, even as the broader market recovered—a divergence worth monitoring as summer inventory sits.
Sales over $5M jump 50% versus last year: 12 contracts added four more deals than the same week in 2025—though in the fifteen weeks since the pied-à-terre tax announcement, cumulative luxury sales now trail 2025 by three contracts.
The Flatiron Building leads with $15.65M contract: Unit 18South ($5,167 PPSF) became the week's top sale, with Downtown (+48% YoY) and Upper East Side (+50% YoY) both posting significant submarket gains.
Tarik's Scoop – Beyond the Numbers 💡
Why Rebounds Follow Lows
Last week was Brooklyn's worst of the year. This week was one of its best. That pattern isn't random—it's how real estate markets function.
Buyers don't disappear during slow weeks. They wait. Sellers don't withdraw during lulls. They recalibrate. The contracts that didn't happen in a soft week often reappear in the following one, creating the illusion of volatility when the underlying demand was steady all along. Summer markets amplify this effect: vacation schedules compress decision-making into narrower windows, producing weeks that look dramatically different from each other even when the trend is stable.
The takeaway isn't to time the lows—it's to recognize that single-week data points rarely tell the full story. The buyers watching last week are the same buyers transacting this week.
Consistency beats timing—let's build a strategy that doesn't depend on perfect weeks.
WEEKLY REPORT: July 25 - 31, 2026
BROOKLYN | RESIDENTIAL SALES
Brooklyn more than doubles week-over-week with strongest annual gain in months: 125 contracts (+49% YoY) marked a dramatic rebound from last week's 61-contract low—the largest weekly surge of the summer.
All five product types post significant annual gains: New development (+11% YoY), resale condos (+67% YoY), co-ops (+94% YoY), single-family (+19% YoY), and multi-family (+53% YoY) all rose—the second time this summer every product type gained.
Entry-level surges as buyers return: Under $500K (+91% YoY) and $500K–$750K (+178% YoY) posted the strongest gains across any price tier—a reversal from months of frozen activity at the lower end.
Fort Greene surges 900% week-over-week: 10 contracts marked a dramatic rebound from just 1 last week, with Brooklyn Heights corridor (+167% YoY) and Carroll Gardens (+100% YoY) also posting triple-digit annual gains.
236 Clinton Street leads with Carroll Gardens scale: The $7M contract for this 5,000 SF multi-family townhouse became Brooklyn's top sale—confirming that income-producing brownstones command premiums even in volatile weeks.
Grandson of a Jamaican developer. Corcoran agent. Short-term rental owner. I help executives, founders, and investors buy, sell, and hold across Manhattan and Brooklyn. I'm behind Tarik's Scoop because the market moves fast and busy people deserve clean signal, not noise.
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Thinking about buying or selling in NYC? I work with executives, founders, and investors across Manhattan and Brooklyn. |
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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.