“Brooklyn’s market slowed in the first quarter as higher prices and economic uncertainty made buyers more selective. There were fewer transactions, but prices remained strong, driven largely by continued activity above $2 million.
One thing that stood out this quarter is how decisively committed buyers are moving. Days on market fell 11% year over year, and well‑priced listings are still finding traction, even in a slower environment. Inventory has started to open up, particularly on the resale side, giving buyers more options than last year and creating opportunities for those who are prepared and ready to act when the right home comes along.”
– Michael Sorrentino, SVP, General Sales Manager, NY
