Inhabit by Corcoran

February sees fewer sales but less days on market.

Brooklyn experienced its fifth straight month of inventory growth and rising prices.

Sales fell 19% year-over-year, marking the ninth month in the past twelve with an annual decline.

• The number of contracts represented a 23% decline compared to the five-year February average. However, activity was up 24% from January 2026, when signed contracts hit their lowest level of any month in more than two years.
• The over $3M segment was the only price category with an annual increase, up four sales from a year ago. Most notably, the $2M to $3M segment had the largest percentage decline, down 31%. Nonetheless, listings sold faster in February, with days on market decreasing to 99 from 107 last year because half as many listings took over a year to sell.

Brooklyn inventory increased 13% year-over-year to 1,626 listings, marking the fifth consecutive month of growth.

• Condo listings increased 8% annually, the first annual gain for the product type after seven consecutive months of year-over-year declines.
• Co-op listings increased 21% compared to last year’s historical low.
• Average price per square foot climbed 10% annually, its thirteenth year-over-year increase in the past seventeen months.
• Condo pricing drove the gain and reached its highest point ever, helped by several new development contracts over $2,500 per square foot in Williamsburg.

Overall negotiability averaged 1.1% below ask as sellers responded to a slowdown in sales.

• Condo negotiability fell to 1.9% below ask, marking only the second time in the past twelve months that discounts averaged more than 1%, while co-op sales continued to transact above the asking price on average.