Inhabit by Corcoran

Brooklyn continues to see fewer sales.

Listings rose 6% in October after five months with declines.

With 329 contracts signed, Brooklyn sales fell year-over-year for the sixth consecutive month, down 12% annually and 17% below the 10-year average.

• Contract activity was up 31% compared to September 2025, a change that is typical of seasonality.
• Both condos and co-ops experienced double-digit annual percentage declines. The $1M to $1.5M and $2M to $3M segments posted the only annual gains, up 3% and 6%, respectively, while all other price ranges fell.
• Brooklyn Heights/Cobble Hill/DUMBO/Downtown Brooklyn, and the area just below Prospect Park were the only two submarkets with yearly increases in sales.
• Alongside a slight uptick in active listings, days on market increased to 83 days on market from 77 days last year.

Brooklyn had 1,791 active listings in October — up 6% year-over-year.

• This was the first year-over-year increase in active listings since April and the highest October total since 2022.
• With that said, listed inventory remains nearly 10% below the 10-year average for October.

Average price per square foot rose for the 10th time in 12 months, increasing 3% year-over-year to $1,195.

• Versus October 2024, condo pricing increased 3%, whereas co-op price per square foot fell annually for the first time in 10 months, down 6%.
• The overall increase occurred because there were many more condo sales outweighing the co-op decline.

Brooklyn negotiability deepened a bit in October.

• Based on Corcoran contracts reported during the month, the average list-to-sale-price ratio was 0.7% above ask this October, slightly below the 1.0% above ask last October.
• In all but one month this year (August), Brooklyn negotiability levels have averaged above last asking price.