Brooklyn Condo & Co-Op Sales: August 2026
Contract activity slowed to a 10-year low.
Supply climbed amid slowing sales and rising prices.
Brooklyn sales fell 3% annually to 272 contracts, the first year-over-year decline since April and the slowest August in at least 10 years.
- The slowdown was due to a softening at the lower end of the market, with contract activity below $2M falling by 6%.
- The higher end of the market, over $2M, surged 23% versus a three-year low last year.
- Robust $2M+ new development activity in Boerum Hill and Downtown Brooklyn helped drive the gains.
At 90 days, average days on market were level with last year.
- This was the second month in 2026 where days on market did not decline on a year-over-year basis, as a slight decrease in the condo market was offset by a modest increase among co-ops.
Inventory increased to 1,795 active listings, the highest August figure since 2021.
- The 22% annual gain was the largest percentage increase in two years and the eleventh consecutive month of inventory gains.
Average price per square foot increased 3% year-over-year to $1,145, making this the eighth consecutive month of annual gains.
- Price statistics were likely skewed higher due to the shift in sales toward the higher end.
- Overall negotiability climbed to 1.8% above ask. Condos averaged essentially no negotiability.
- Co-op negotiability, which has been above ask almost every month for several years, ran especially high this month at 3.9%, the sixth-highest figure since 2017.
