Brooklyn Condo & Co-Op Sales: March 2026
Sales activity softens annually but marketing times still shorten.
Inventory continues to rise as average pricing reaches new highs.
Signed contracts declined 10% year-over-year, marking the ninth annual decrease in the past 12 months.
- The number of contracts was 23% below the five‑year average for March. However, activity was up 24% versus February 2026, consistent with typical seasonal market patterns.
- The $2M to $3M segment was the only price category with an annual increase, up five sales from a year ago because of new development sales.
- The under $1M category had the largest nominal decline, down 24 contracts annually as sales activity softened in the borough’s more southern neighborhoods. Nonetheless, listings sold faster in March, with days on market decreasing to 79 from 81 last year.
With the rise in inventory, newly listed residences absorbed quickly, pulling down the average days on market. As a result, this marked the second-shortest marketing time observed over the past 16 months.
- Brooklyn inventory increased 12% year-over-year to 1,766 listings, marking the sixth consecutive month of growth. Sales activity softened in more peripheral, mortgage rate‑sensitive areas of the borough, contributing to a buildup in inventory.
- Condo listings increased 9% annually, the product type’s second consecutive annual gain after seven months of year-over-year declines.
- Co-op listings increased 16% compared to last year’s relatively low figure.
Average price per square foot climbed 11% annually, its 14th year-over-year increase in the past 18 months.
- Co-op pricing spiked 26% due in part to a contract in Brooklyn Heights asking over $2,000 per square foot.
- Overall negotiability averaged 0.1% above ask, exhibiting buyers’ continued demand for well-positioned listings.
- Condo negotiability fell to 1.6% below ask, marking only the third time in the past 12 months that discounts averaged more than 1%. Meanwhile, co-op negotiability landed 4% above the asking price on average because of several bidding wars that resulted in sales 15% or more above ask.
