Inhabit by Corcoran

Brooklyn’s real estate market continued to show its strength in the third quarter, with buyers re-engaging despite elevated mortgage rates and broader economic uncertainty.

Manhattan’s rental market continues to be defined by limited supply. With median rent climbing to $4,972 and vacancy falling to its lowest level in four years, the borough commands premium pricing — especially in doorman buildings, where prices hit a

Brooklyn sales declined for a fifth month as inventory contracted. Listing inventory also fell as price per square foot hit its second-highest in eight years.

Manhattan contract activity hit a five-year September high. Price per square foot declined despite less negotiability.

Manhattan luxury contracts dip as supply shrinks to a decade low. Days on market rose versus 2024 and average price per square foot increased annually.

Once again, Manhattan has proven its resilience, showing remarkable strength this quarter. Sales hit a three-year high, contract activity marked the sixth consecutive quarter of annual growth, and for the third quarter in a row, all major price metrics climbed

Manhattan’s rental market cooled slightly in August, with leasing activity falling both month-over-month and year-over-year to its lowest August level in five years. In contrast, Brooklyn sustained its momentum, with leasing activity up 12% from July and steady year-over-year.