Brooklyn Weekly Market Update
Week of 12/23
Summary:
Supply
Another 2.4% decline
Liquidity
4.5% lower
Weekly New Listings
Down 24%
Weekly Contracts Signed
Down 19% on the week
Market Pulse: Currently heading into Seller’s Market
Detailed View:
Supply
Brooklyn supply dipped another 2.4% as it slips below 3,000.
Demand
Liquidity ticked down 4.5% as seasonal gravity starts taking over.
New Listings
New listings are (unsurprisingly) falling to seasonal lows.
Contracts Signed
Deal volume fell 19% as the holidays start kicking in.
Source: UrbanDigs
Week of 12/16
Summary:
Supply
Another 0.85% decline
Winter drawdown in full effect
Liquidity
0.5% higher
Brooklyn looks to close 2024 on a high note
Weekly New Listings
Second up week (7%) in a row
Weekly Contracts Signed
Up 2% on the week
Market Pulse: Currently heading into Seller’s Market
Detailed View:
Supply
Brooklyn supply dipped another 0.85% as winter sets in.
Demand
Liquidity ticked up another 0.5% as Brooklyn’s momentum continues into the closing weeks.
New Listings
New listings rose for the second week in a row - are we starting to see sellers come back?
Contracts Signed
Deal volume rose another 2% on the week as buyers pick up the pace.
Source: UrbanDigs
Week of 12/9
Summary:
Supply
Another 3.5% decline
Winter drawdown in full effect
Liquidity
1.4% higher post-Thanksgiving
Weekly New Listings
Up 51% from the slow holiday week
Weekly Contracts Signed
Up 46% on the week
Market Pulse: Currently heading into Neutral Market
Detailed View:
Supply
Brooklyn supply ticked slipped another 3.5% as fall fades to winter.
Demand
Liquidity ticked up 1.4% postThanksgiving as Brooklyn’s momentum continues.
New Listings
New listings rose after the holiday week but are in a period of decline.
Contracts Signed
Deal volume rebounded post Thanksgiving to keep Brooklyn’s ball rolling.
Source: UrbanDigs
Week of 11/25
Summary:
Supply
2% drop
Slowly winding down into winter
Liquidity
6% lower on the week
Weekly New Listings
Down 16%
Weekly Contracts Signed
Up 5% on the week
Detailed View:
Supply
Brooklyn supply ticked slipped another 2% as fall fades to winter.
Demand
Liquidity ticked down nearly 6%, as the fall season starts rolling over into winter.
New Listings
New listings fell by 16%, with quieter weeks on tap.
Contracts Signed
Deal volume increased 5% on the week but the depth of decline this fall has been muted compared to the last couple years
Source: UrbanDigs
Week of 11/18
Summary:
Supply
Small 0.5% drop
Liquidity
1% lower on the week
First down week since Oct 1
Weekly New Listings
Down 14%
Weekly Contracts Signed
Fell 11% over the week
Detailed View:
Supply
Brooklyn supply ticked slipped 0.5% lower as it works its way down until spring.
Demand
Liquidity ticked down 1%, ending the string of up weeks that began in late September.
New Listings
New listings fell by 14%, with quieter weeks on tap.
Contracts Signed
Deal volume dropped 11% over the week and while the near term uptrend is still in play, the end-ofseason writing is on the wall.
Source: UrbanDigs
Week of 11/11
Summary:
Supply
Declines 2%
Liquidity
Liquidity (30-day contracts signed) ticked up 1%
Weekly New Listings
New listings rose 43%
Weekly Contracts Signed
Rose 14% on the week
Detailed View:
Supply
Brooklyn supply ticked ticked down a bit over 2% as it slowly winds down until spring.
Demand
Liquidity rose another 1% to set a new high water mark for the year, but the pace looks to be slowing
New Listings
New listings rose by 43%, somewhat evening out the steep drop last week, but the slowing trend remains in place
Contracts Signed
The level of weekly signed deals rose 14% and climbed back above 150 as the “Brooklyn’s Back” trend gains momentum.
Source: UrbanDigs