Brooklyn Weekly Market Update

Week of 3/31

Summary:

Brooklyn’s spring season has been quieter than expected, though supply is finally surpassing previous years' levels. With many sellers also being buyers, this could signal the market breaking free from its volume trap. However, demand remains underwhelming, making it worth watching whether rising supply draws more buyers into the market.

Market Pulse: Currently a Neutral Market

Detailed View:

Supply

Brooklyn supply increased 2.6% week-over-week

Demand

Liquidity is down 1.5% week-over-week

New Listings

New listings decreased 3.4% week-over-week

Contracts Signed

Deal volume decreased 12.3% week-over-week

Source: UrbanDigs

Week of 3/24

Summary:

Brooklyn had a strong week, with both supply and demand rising, though demand outpaced supply. New listings increased but were surpassed by contract volume growth. As demand heats up and supply lags, buyers may start feeling the pressure sooner than expected.

Market Pulse: Currently a Buyer’s Market

Detailed View:

Supply

Brooklyn supply increased 2.7% week-over-week

Demand

Liquidity is up 7.9% week-over-week

New Listings

New listings increased 4.4% week-over-week

Contracts Signed

Deal volume increased 10.6% week-over-week

Source: UrbanDigs

Week of 3/17

Summary:

An unusual week in Brooklyn—despite fewer new listings, overall supply ticked up, likely due to lower liquidity and contract activity. While one week isn’t a trend, it’s worth watching to see if this signals a shift toward higher supply and lower volume, similar to Manhattan.

Market Pulse: Currently a Neutral Market

Detailed View:

Supply

Brooklyn supply increased 2% week-over-week

Demand

Liquidity is down 2% week-over-week

New Listings

New listings decreased 15% week-over-week

Contracts Signed

Deal volume decreased 4% week-over-week

Source: UrbanDigs

Week of 3/10

Summary:

Brooklyn’s February market climate index rebounded into the upper neutral range. While conditions remain moderate, the outlook is positive as spring approaches, with more sellers finally listing and activity picking up.

Market Pulse: Currently a Neutral Market

Detailed View:

Supply

Brooklyn supply increased 1% week-over-week

Demand

Liquidity is up 3.7% week-over-week

New Listings

New listings increased 40% week-over-week

Contracts Signed

Deal volume decreased 9.5% week-over-week

Source: UrbanDigs

Week of 3/03

Summary:

Brooklyn saw across-the-board gains this week, mirroring Manhattan. However, supply remains tight at both weekly and overall levels, while demand is nearing a breakout from past trends. If this continues, buyers could face increasing competition as spring progresses.

Market Pulse: In Neutral Market

Detailed View:

Supply

Brooklyn supply increased 2% week-over-week

Demand

Liquidity is up 1% week-over-week

New Listings

New listings increased 1.6% week-over-week

Contracts Signed

Deal volume decreased 4% week-over-week

Source: UrbanDigs

Week of 2/24

Summary:

Brooklyn supply inched up 0.56% after last week’s decline, though inventory remains tight. This week's total was the second-highest of the year, suggesting sellers may be responding. Meanwhile, buyers are returning, with contract volume down for the shorter week but nearly 3% higher than last year.

Market Pulse: In Neutral Market

Detailed View:

Supply

Brooklyn supply increased 1% week-over-week

Demand

Liquidity is up 8% week-over-week

New Listings

New listings increased 35% week-over-week

Contracts Signed

Deal volume decreased 5% week-over-week

Source: UrbanDigs

Week of 2/17

Summary:

Brooklyn supply dipped slightly this week, highlighting the borough’s ongoing inventory shortage, reflected in fewer new listings. Demand remains steady, but with the busy season approaching, supply could quickly become a challenge.

Market Pulse: In Neutral Market

Detailed View:

Supply

Brooklyn supply decreased 1% week-over-week

Demand

Liquidity is up 4% week-over-week

New Listings

New listings decreased 26% week-over-week

Contracts Signed

Deal volume increased 2% week-over-week

Source: UrbanDigs

Week of 2/10

Summary:

The Brooklyn market remains largely stable, with supply holding steady and demand showing early signs of improvement, though still aligned with the past two sluggish years. Weekly supply and demand fluctuations remain minimal, while the recent decline in mortgage rates could serve as a potential catalyst for change.

Market Pulse: Entering Neutral Market?

Detailed View:

Supply

Brooklyn supply is flat week-over-week

Demand

Liquidity is up 12% week-over-week

New Listings

New listings are up 5% week-over-week

Contracts Signed

Deal volume is flat week-over-week

Source: UrbanDigs

Week of 2/03

Summary:

Brooklyn's supply and demand remain steady at seasonal levels. With spring approaching, expect mixed but directional market signals. Easing mortgage rates below 7% may help finance-dependent units attract buyers.

Market Pulse: Buyer’s Market

Detailed View:

Supply

Brooklyn supply is up 1%

Demand

Liquidity is down 14.5%

New Listings

New listings are down 7%

Contracts Signed

Deal volume up 25%

Source: UrbanDigs

Week of 1/27

Summary:

Brooklyn is still seeing typical seasonal slowdown. While supply has seen small gains over the past three weeks, the total increase is just 100 units—barely enough to signal a major shift. Demand is mirroring levels from 2023-2024, which were relatively slow years for the borough. That said, the luxury segment is showing promising growth, which could be an early sign of broader market improvements ahead.

Market Pulse: Heading into Neutral Market

Detailed View:

Supply

Brooklyn supply is up 2.7%

Demand

Liquidity is down 4.4%

New Listings

New listings are up 17.3%

Contracts Signed

Deal volume up 25%

Source: UrbanDigs

Week of 1/20

Summary:

Seasonal trends remain a key factor in the Brooklyn market. Supply continues to hover at lower levels, while demand has softened, as anticipated. With spring still a few weeks off, we can expect supply to remain steady for now. However, we may start to see demand gradually pick up as buyers begin to re-enter the market in the coming weeks.

Market Pulse: Heading into Buyer’s Market

Detailed View:

Supply

Brooklyn supply is up 1.2%

Demand

Liquidity is down 10.4%

New Listings

New listings are down 5.3%

Contracts Signed

Deal volume down 16.7%

Source: UrbanDigs

Week of 1/13

Summary:

The first full week of the year In Brooklyn saw typical low seasonal activity. While the seasonal drop in supply was less than Manhattan's, it poses additional challenges to buyers and sellers. In terms of weekly activity, it will likely be a few weeks before we can get an early read on the spring trend.

Market Pulse: Neutral Market

Detailed View:

Supply

Brooklyn supply remains similar to last week.

Demand

Liquidity is down 7%

New Listings

New listings are up 101% with the new year.

Contracts Signed

Deal volume up 8%.

Source: UrbanDigs

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