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📊 Brooklyn’s real estate market continued to showcase its resilience and appeal in the third quarter of 2025. Despite elevated mortgage rates and ongoing economic uncertainty, buyer activity remained strong, pushing contract signings and sales volume higher. Record-setting prices, growing demand for new developments, and limited inventory highlight the borough’s enduring strength and the premium buyers are willing to pay for quality homes in one of New York City’s most desirable markets.
💬 Market Overview
“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. Contract activity ticked up, and sales volume climbed — driven by higher prices and renewed interest in new development offerings. Notably, several pricing indicators reached record highs, underscoring the borough’s enduring appeal and the premium buyers are willing to pay for quality product.
While inventory remains tight, we’re seeing meaningful movement in more affordable segments and smaller residences. As we head into the final stretch of the year, Brooklyn’s market still has plenty to offer for buyers looking to make a smart move and sellers ready to take advantage of strong demand.”
– Michael Sorrentino, SVP, General Sales Manager, NY
Read the full report.
📈 Key Brooklyn Real Estate Highlights (Q3 2025)
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Contracts signed: Up 4% → 821 deals, showing strong buyer activity.
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Closed sales: Down 2% YoY → 1,386 transactions, marking the 5th straight quarter of annual decline.
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Sales volume: Rose 11% to $1.628B, driven by higher prices.
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New developments: Only category with annual closing growth — reversing a 4-quarter decline.
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Inventory: Down 6% YoY to 1,681 units, now 16% below the 10-year Q3 average.
📊 Brooklyn Pricing Trends Reach Record Highs
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Median price: Up 16% YoY → $925K, thanks to a shift toward new development properties.
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Average price per sq. ft.: Up 10% → $1,198, surpassing the previous record (2Q 2024) by 3%.
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New development prices: Jumped 38% YoY → $1.401M, led by Boerum Hill, Williamsburg, and Greenpoint.
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Resale condo median price: Slight dip 1% YoY → $1.025M, still the second-highest on record.
🏘️ Brooklyn’s Market Housing Supply Snapshot
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Resale condo listings: Down 2% YoY.
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New development listings: Sharply lower — fueling inventory shortages.
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Studios & 1BRs: Inventory up YoY
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2BR & 3BRs: Inventory down double digits
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$350K–$500K range: Listings up 15%
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$750K–$1M range: Listings down 26%
🧭 What It Means for Buyers & Sellers
Brooklyn’s real estate resilience continues, even with elevated mortgage rates.
Buyers: Opportunities remain in smaller homes and emerging neighborhoods.
Sellers: Demand remains strong — especially for quality listings and new developments.
Whether you’re buying, selling, or investing, Brooklyn continues to deliver value, vibrancy, and long-term growth potential.
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