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: Sep 21 to 27th 2024
MANHATTAN | CONDOS & CO-OPS

• There were 201 contracts signed in Manhattan last week, up 6% week-over-week and 19% year-over-year.

• Sales have now risen more than 15% annually for four consecutive weeks, the first time that's happened since 2021.

• The year-over-year gain in sales was driven by the low end of the market, with sales under $3M rising 26% annually.

• Compared to 2023, signed contracts increased 31% above 59th Street but just 8% south of 59th Street.

CORCORAN WEEKLY REPORT: Sep 21 to 27th 2024
BROOKLYN | CONDOS & CO-OPS

• Last week, 65 contracts were reported signed, down 16% versus last week but up 55% annually, the eighth consecutive annual increase.

• Compared to last year, condo activity nearly doubled, and co-op sales increased 18%.

• Sales increased versus 2023 in five of the six price ranges. The over $3M category was the only with no annual change.

• South Brooklyn had the largest nominal year-over-year increase with 11 additional sales.

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.