This presentation explores key trends shaping Brooklyn's dynamic property landscape.
Up 7% year-over-year
Second-highest in 2.5 years
Year-over-year increase in signings
Still 17% below ten-year average
Annual inventory increases not seen since 2021
$750K-$1M listings up 37% year-over-year
$350K-$500K segment continues to contract
Fort Greene, Clinton Hill, Prospect Heights saw 80% sales jump
New development median price reached $1.275 million, an eight-year high. Resale condos hit their highest first-quarter level since 2022.
Average rental prices rose 1.85% from 2023 to 2024. Market becoming more balanced in early 2025.
Studios up 3.46%. One-bedrooms up 3.78%. Two-bedrooms down slightly by 0.61%.
May 2025: Broker fees shift from renters to landlords. Expected to increase rental demand.
Stable interest rates around 6%. End of seasonal slowdown. Focus on move-in ready homes.
Anticipated Federal Reserve rate cuts. Buyer confidence restored.
Modest price gains expected. Continued strong demand with gradually increasing inventory.
Largest annual percentage gain in listed inventory, especially resale condos and new developments.
Sales over $2 million becoming larger market share, driving higher average prices.
$750K-$1M price range experienced largest inventory increase.
Lower-priced segment ($350K-$500K) continues to contract.
Rising prices, increasing contracts, steady demand
Increasing but still below historical averages
Localized surges in specific areas
Continued activity with modest price growth
Staten Island Market Analysis
Staten Island Market Analysis
Brooklyn's real estate market shows strong momentum in Q1 2025. Contract signings are up 7% year-over-year. Median sales prices climbed 7% to $800,000.