Brooklyn Weekly Market Update

Updated every week with the latest market trends in Brooklyn
Tony InJe Yeo's avatar
Nov 11, 2024
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

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