MANHATTAN & BROOKLYN | WEEKLY SCOOP
Look Ahead 🫣 @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.
WEEKLY REPORT: May 16 - 22, 2026
MANHATTAN | CONDOS & CO-OPS
Seventh consecutive week of annual gains—longest streak since December 2024: 296 contracts (+8% YoY) extended Manhattan's sustained recovery into late spring, confirming that the market has moved beyond isolated momentum into a genuine trend that now spans nearly two months.
$10M–$20M surges 600% as ultra-luxury roars back: 7 contracts—up from just 1 last year—marked the strongest performance in this tier in months, with 740 Park Avenue's $22M sale ($2,994 PPSF) anchoring the week's top contracts.
Resale condos and co-ops each post fourth consecutive week of annual gains: Co-ops (+12% YoY) and condos (+5% YoY) both continued their sustained momentum—the first time since late 2024 that both apartment product types have risen together for a full month.
Under $5M rises 13% while above $5M falls 33%: After four weeks of post-pied-à-terre-tax activity holding level or exceeding 2025, luxury above $5M posted its first decline since the announcement—a signal worth monitoring as the legislation's July 1 effective date approaches.
Midtown continues outperformance: 51 contracts (+42% YoY) made Midtown the strongest submarket for the second consecutive week, with Financial District (+18%) and Upper West Side (+13%) also posting gains.
Insight 💡
What No Immediate Response Really Means
One of the most misunderstood moments in NYC real estate is the silence after a showing. Buyers often assume no response means no interest, while sellers assume interest would be immediate. In reality, serious decisions usually take time — especially in a market where buyers compare multiple options before acting. The strongest opportunities are often the ones buyers revisit mentally before responding emotionally. Silence isn’t always rejection; sometimes it’s consideration.
Not every strong opportunity creates an instant reaction.
Let’s learn how to read the signals beyond the immediate response.
WEEKLY REPORT: May 16 - 22, 2026
BROOKLYN | CONDOS & CO-OPS
Best week for sales since November—but still down 13% annually: 120 contracts marked a 29% weekly surge and Brooklyn's strongest volume in over six months, though year-over-year declines persist as the borough's correction continues.
Single-family townhouses double year-over-year: 14 contracts (+100% YoY) made detached homes the only product type posting annual growth—with resale condos (-12%), co-ops (-16%), and multi-family (-37%) all still contracting.
$2M–$3M surges 109% weekly and 35% annually: 23 contracts more than doubled week-over-week, making this price tier the standout performer—while above $2M rose 15% annually and below $2M fell 20%.
Carroll Gardens corridor explodes 267% weekly: 11 contracts marked a dramatic rebound from just 3 the prior week, though still down 15% annually—suggesting pent-up demand in brownstone Brooklyn is releasing in concentrated bursts.
100 6th Avenue leads with restored Park Slope scale: The $6.25M contract for this recently restored 20-foot-wide multi-family townhouse ($1,623 PPSF) became Brooklyn's top sale—proving renovated brownstones command premiums even in a challenging market.
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.