MANHATTAN & BROOKLYN | WEEKLY SCOOP
Look down 🫣 @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: Jan 3 to 9, 2026
MANHATTAN | CONDOS & CO-OPS
Post-holiday rebound masks underlying softness: Contract activity surged 34% week-over-week to 180 signed contracts, yet this marks the first annual decline (–17%) after five consecutive weeks of year-over-year gains—signaling the holiday bounce may be masking a cooling trajectory.
Luxury segment ($5M+) continues to underperform: Only 12 contracts signed above $5 million, down 43% year-over-year compared to a more modest 14% decline in the sub-$5M market. The ultra-luxury tier ($20M+) recorded zero activity, versus one contract in the same period last year.
Resale condos emerge as the sole bright spot: Resale condo contracts increased 4% annually—the only product type to post positive year-over-year growth. New development, resale co-ops, and 1-4 family properties all recorded double-digit annual declines.
Pricing pressure evident in trophy transactions: The week's top contract at 111 West 57th Street's 36th floor carried a last asking price of $18.3M ($4,063 PSF)—14% below its original listing price, reflecting continued price discovery in the super-prime segment.
Downtown and Midtown lead submarket activity: Downtown captured 32% of weekly volume with 57 contracts, while Midtown posted the smallest annual decline at just –3%. Upper Manhattan and Financial District experienced the steepest year-over-year contractions at –37% and –50%, respectively.
Insight 💡
Quiet Markets Reveal Real Intent
When activity slows, clarity increases. In NYC, quieter periods don’t eliminate demand — they expose intent. Buyers who remain active now are informed and decisive. Sellers who stay listed are motivated and realistic. That alignment is where transactions happen. Instead of noise, the market delivers signals: which listings are priced right, which buyers are prepared, and where negotiations are productive. This is the window where strategy outperforms speed.
Less noise creates better signals.
If you’re watching the market, let’s interpret what it’s actually telling us.
WEEKLY REPORT: Jan 3 to 9, 2026
BROOKLYN | CONDOS & CO-OPS
Year-over-year decline overstated by reporting anomaly: The 70% annual drop (48 contracts vs. 160) is likely inflated by delayed holiday reporting from January 2025, rather than a true market collapse. Historically, contracts have increased annually in 15 of the last 20 weeks.
$3M+ segment defies broader market weakness: Properties priced above $3 million recorded eight contracts—up 14% year-over-year—marking the only price tier with positive annual growth. This suggests sustained demand in Brooklyn's upper-tier market despite headline declines.
New development captures disproportionate market share: With 15 contracts signed, new development represented 31% of weekly activity and posted the smallest annual decline among product types (–52%), indicating developer inventory is absorbing buyer interest more effectively than resale stock.
Carroll Gardens/Boerum Hill/Red Hook maintains stability: This submarket was the only one without an annual decrease in contract activity, recording three contracts—identical to the prior year. Williamsburg & Greenpoint doubled week-over-week but still posted –50% annually.
Townhouse and multi-family segments show relative resilience: House/townhouse contracts above $1M declined only 20% year-over-year versus 65% for condo/co-ops in the same price tier. The week's top transaction was a two-unit townhouse at 167 State Street in Brooklyn Heights at $6.995M.
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.