Brooklyn Condo, Co-op & Home Sales: Market Pulse
A monthly view of Brooklyn residential sales activity since 2018.
Brooklyn Condos
Brooklyn condo activity cooled sharply in August, even by late-summer standards. Buyers signed 61 contracts against 118 new listings, or 52 contracts for every 100 new listings. That was below July’s 71, though still ahead of last August’s 47. Fewer new listings helped limit seller competition but contracts fell more steeply, down 49% from July and 24% year over year.
Condo pricing held firm.
Even as contract activity cooled, Brooklyn condo closings remained close to final ask. Across 1,107 resale condo closings over the past year, the median sale closed at 97.6% of final asking, or about $24,000 below ask on a $1 million condo. August was slightly stronger at 97.8%, modestly above 97.6% one year earlier.
Supply pulled back.
The market looked tighter over the summer but mainly because fewer owners listed. Brooklyn averaged 63 condo contracts for every 100 new listings from June through August, up from 40 in the spring. Contracts were down 12% between the two periods, while new listings fell 44% meaning the balance improved because supply pulled back faster than demand.
A softer August than usual.
August is usually a slower month for Brooklyn condo demand but this year fell further below the seasonal norm. Buyers signed 61 condo contracts, 40% below the long-run August average. Activity was also down 24% from last August and 49% from July, showing that the late-summer pause was more pronounced than usual.
Less time than last year.
Finding a buyer took longer in August but the broader trend remained steady. Brooklyn condo sellers waited an average of 76 days to secure a buyer, up from 63 days in July but 17 days faster than last August. The latest three-month average was 64 days, nearly unchanged from the same period one year earlier.
Balance returned.
Brooklyn condo supply moved into balanced territory at the start of September. There were 603 resale condos on the market, equal to 6.6 months of supply at the past year’s sales pace. That gives buyers more choice without putting the market firmly in their favor. Pricing still held in a higher range, with the typical August contract at $1.26 million, though 19 sellers made price cuts during the month.
Brooklyn Co-ops
Brooklyn co-op activity eased in August, with buyers gaining more new options than they had a year ago. The market recorded 67 contracts against 155 new listings, or 43 contracts for every 100 new listings. That was slightly below July’s 46 and down from 50 last August. Contracts dipped 19% from July and 3% year over year, while new listings rose 12% from last August.
Co-op pricing remained firm.
Brooklyn co-op closings stayed very close to final ask, underscoring steadier pricing than the slower contract pace might suggest. Across 1,139 closings over the past year, the median sale closed at 98.4% of final asking, or about $16,000 below ask on a $1 million co-op. August was even tighter at 99.2%, nearly unchanged from 99.3% last year.
A softer balance with more listings.
Brooklyn’s co-op balance softened in August because new supply grew while demand held relatively steady. Buyers signed 43 contracts for every 100 new listings, down from 50 last August. Contracts slipped just 3% year over year but new listings rose 12%, giving buyers more options and putting more pressure on sellers to price carefully.
A deeper late summer pullback.
August is typically slower for Brooklyn co-ops but activity fell more than the usual late summer pattern. Buyers signed 67 co-op contracts, 29% below the long-run August average of 95. The month-over-month decline was also steeper than normal: contract activity usually falls about 10% from July to August, compared with a 19% drop this year.
Buyers timeline held.
Co-ops spent an average of 67 days on market, nearly unchanged from last August and 5% slower than the long-run August average. The broader trend was a bit stronger: the latest three-month average was 53 days, 10% faster than the same period last year.
More supply tested pricing discipline.
Brooklyn co-op supply reached the high end of balance at the start of September. There were 610 resale co-ops on the market, equal to 7.0 months of supply at the past year’s sales pace. That gives buyers more room to compare options, even as pricing remained firm: the typical August contract was $699,000, while 23 sellers made price cuts during the month.
Brooklyn Homes
Brooklyn homes showed a more nuanced market than condos or co-ops. Fewer new listings helped the balance improve, with 363 homes hitting the market in August, 18% fewer than a year earlier. August closings also landed closer to final ask, but buyers remained selective, making pricing discipline especially important for sellers.
Home discounts narrowed.
Brooklyn home sellers saw a stronger full-ask result in August than the yearlong trend suggests. Across 2,731 closings over the past year, the median sale closed at 95.9% of final asking, or about $41,000 below ask on a $1 million home. In August, that figure rose to 97.9%, up from 96.8% one year earlier.
More listed homes found buyers.
For every 100 Brooklyn homes newly listed in the 12 months through July, 48 went on to sell, up from 42 one year earlier. That points to a modest improvement between sales and limited new supply.
How houses are counted
Brooklyn data is less centralized because listings are reported across multiple MLS systems. Home figures are based on deed records matched to final asking prices, and the most recent month is excluded because deed filings can take several weeks to appear.
Closings show the market on a delay.
Brooklyn’s strongest months for recorded home sales are typically August and December, with long-run medians of 242 and 233 closings. July 2026, the most recent complete month, recorded 273 sales, 12% above last July and well above its long-run median of 213.
Homes took longer to move.
Finding a buyer took longer for Brooklyn home sellers in August. Homes spent an average of 133 days on market, 29% longer than the long-run August average and 20% longer than last August. It was the longest August DOM in the series back to 2018, while the latest three-month average reached 111 days, 10% longer than the same period one year earlier.
Sources & methodology
The report uses aggregated Brooklyn resale market data. Condo and co-op figures cover Brooklyn resales. Home figures cover Brooklyn 1–4 family houses. Contract, listing, closing-price, and days-on-market measures are reported separately. Home sales and asking-price ratios use deed-recorded sales matched to final asking-price data; home days-on-market figures cover agent-reported deals only. Historical price series begin January 2018; standing-inventory and price-cut data begin with the September 2026 edition. Data runs through August 31, 2026.