MANHATTAN & BROOKLYN | WEEKLY SCOOP

The In-Between

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: Apr 26 to May 2, 2025
MANHATTAN | CONDOS & CO-OPS

• 235 contracts were signed this week, a modest 3% dip from the previous week, reflecting steady seasonal activity across the borough.

• Condos made up 62% of the market, with the most demand focused on two-bedroom units, especially in new developments.

• Downtown Manhattan remained the busiest submarket, accounting for 36% of all signed contracts, followed by strong showings from the West Side and Midtown.

• The highest-priced contract was a $20M full-floor residence at 111 West 57th Street, showing continued interest in trophy properties at the top end.

• Buyers continued to negotiate on price, with contracts reflecting an average discount of 6% off the last asking price, signaling cautious optimism.

WEEKLY REPORT: Apr 26 to May 2, 2025
BROOKLYN | CONDOS & CO-OPS

• Brooklyn saw 86 contracts signed, an 8% weekly increase, suggesting solid buyer engagement even as new inventory enters the market.

• Townhouses outpaced condos, making up 56% of deals, with heightened interest in neighborhoods offering space and value.

• 70% of signed contracts were under $1.5M, reaffirming that affordability remains a key driver in Brooklyn’s residential market.

• Park Slope and Crown Heights recorded multiple deals over asking, demonstrating concentrated demand in these high-interest neighborhoods.

• Average days on market dropped to 52, as competitively priced listings continued to attract quick buyer action.