MANHATTAN & BROOKLYN | WEEKLY SCOOP

The In-Between

Similar to our favorite streaming shows, there's a beginning, an end, and everything in between.

In the heart of New York City's bustling real estate seasons - spring and fall - I aim to bring you a condensed weekly update to keep you plugged into the latest action.

CORCORAN WEEKLY REPORT: November 9 to 15, 2024
MANHATTAN | CONDOS & CO-OPS

• Last week, 220 contracts were signed in Manhattan, down 2% week-over-week but up 15% year-over-year.

• Sales have risen by double-digit annual percentages for four consecutive weeks and are up a combined 22% versus the same four weeks last year.

• New development sales saw the greatest annual increase for the sixth time in seven weeks, up 74% to 40 contracts signed.

• Contracts asking over $5M nearly tripled versus 2023 to 27 deals, the strongest week for the luxury market since March 2022.

CORCORAN WEEKLY REPORT: November 9 to 15, 2024
BROOKLYN | CONDOS & CO-OPS

• Last week, 79 contracts were reported, down 11% versus last week but up 8% from a year ago. Sales since Labor Day are up 19% year-over-year. 

• Versus last year, co-op sales increased 7%, and condo deals rose 9%.

• Sales increased annually in four of the six price ranges. The $2M to $3M category had the largest nominal increase with five additional deals.

• Six sales were reported at or above $3M last week, tied for the second highest number of deals to exceed this price in three months.

• Carroll Gardens/Boerum Hill/Red Hook had the largest year-over-year increase with five additional sales.