Brooklyn Real Estate Market Report: 4Q 2025
“Brooklyn’s market showed resilience at the end of 2025, with modest gains in sales and pricing despite persistent inventory constraints. Signed contracts and closings both posted annual increases, and sales volume climbed to nearly $1.3 billion — the strongest fourth quarter showing in three years. Prices rose across all segments, with new development reaching record highs and co-ops seeing increased activity as buyers sought more attainable options. Inventory remains low, but demand hasn’t wavered. For buyers ready to act, Brooklyn continues to offer opportunities in one of the city’s most dynamic markets.”
– Michael Sorrentino, SVP, General Sales Manager, NY
Brooklyn’s residential market continued to display resilience in the fourth quarter of 2025, posting modest annual gains in sales and pricing despite constraints on inventory.
- Contracts signed, the timeliest indicator of market conditions, increased 1% to 903 deals.
- Closings rose 2% year-over-year, marking the second consecutive annual increase after four quarters of decline. However, despite this improvement, with only 1,176 sales, 4Q 2025 is the second-lowest fourth quarter total in over a decade.
- Sales volume increased 9% year-over-year to $1.294B, the highest fourth quarter figure since 2022, driven by the market’s higher prices.
Though listed inventory increased 5% annually to 1,496 available units, this figure is still 18% below the 10-year fourth quarter average.
- Inventory fell in all segments above $750K, with homes priced over $2M seeing the largest annual decline of 12%.
- New development inventory fell 15% year-over-year to a 10-year fourth quarter low.
- Both resale condo inventory and resale co-op inventory experienced gains this quarter, with co-ops seeing a 23% increase in units-– a four-year fourth quarter high.
Overall price metrics posted annual gains across the board.
- Average price rose 7% to $1.1M, due to a slightly greater proportion of new development sales and shrinking sales at the low-end compared to last year.
- Median price increased 5% year-over-year to $800K.
- New development prices reached the highest median price figure on record of $1.4M, an increase of 10% annually, due in part to strong sales over $2M in Williamsburg, DUMBO, and Greenpoint.
- Resale co-op median prices also rose 10% annually to $475K because of a greater share of sales in the $500K-$750K range, particularly in South Brooklyn.
