Inventory growth promotes strongest January in three years.

Pricing holds steady amid limited negotiability.

Contract activity increased 34% year-over-year.

• This was the fifth annual increase in the last six months.
• Buyers were more active than last year in seven of eight submarkets, with particularly strong gains seen in South Brooklyn and the area south of Prospect Park.
• With that shift, 50 additional contracts were signed at under $1M compared to a year ago.
• All price ranges had an increase in sales except for $1.5M to $2M. Days on market fell 17% annually, driven by the decline in marketing time for condos as the co-op figure was unchanged.

Active listings rose by a much-needed 14% year-over-year, the ninth consecutive month without declining inventory.

• Nevertheless, 1,418 listings was the second-lowest January figure in over eight years after 2024.
• Average price per square foot rose by a slight 1%, the fourth month in a row with an annual gain.
• Several transactions traded for more than 10% above last ask, pushing overall negotiability just above ask.
• The co-op market continued to show no negotiability, a trend that has persisted for the past year-and-a-half.