Brooklyn Condo & Co-Op Sales: November 2025
Brooklyn sales rebound after six months of annual declines.
Inventory rises, price per square foot holds.
With 323 contracts signed, Brooklyn sales increased year-over-year for the first time after six consecutive months of annual declines — up 5% annually.
- Contract activity was down 2% compared to October 2025, a change that is typical of seasonality.
- Both condos and co-ops experienced annual increases in contract activity. An increase in supply and steady pricing prompted buyers to act.
- The $1M to $1.5M segment posted the only annual decline, down 5%, while all other price ranges increased or saw no change.
- Fort Greene/Clinton Hill/Prospect Heights had the largest yearly increase in sales because of stronger co-op and new development activity.
- Alongside a slight uptick in active listings giving buyers more choices, days on market increased to 89 days on market from 79 days last year.
Inventory in Brooklyn expanded 7% year-over-year to 1,673 listings, the highest November total since 2022.
- The increase was due entirely to a 27% increase in co-op listings since condos were down 3% year-over-year.
Average price per square foot declined less than 0.5% from a year ago to $1,220.
- Despite the decline, the figure was still one of the highest seen in the past two years.
- Versus November 2024, condo pricing decreased 3%, whereas co-op price per square foot climbed 8%, marking the 10th annual increase in the last 12 months.
- The overall dip occurred because there were many more condo sales outweighing the co-op increase.
Brooklyn negotiability contracted a bit in November.
- Based on Corcoran contracts reported during the month, the average list-to-sale-price ratio was 0.2% above ask this November, compared to 0.4% below ask a year ago.
- In all but one month this year (August), Brooklyn negotiability levels have averaged above last asking price.
