The Market Pulse has risen by 2.0 points this month and 0.1 points year-over-year. Despite these increases, the current value of -0.75 points suggests the market is relatively balanced, leaning slightly in favor of buyers.
Brooklyn's contract activity saw a 12.8% monthly decline but increased by 10.6% compared to the same time last year. The rolling seasonal average dropped by 14.6% from the previous month but remained flat year-over-year.
The new supply in Brooklyn has reached 1,061 units, representing a substantial 71.7% increase from the previous month, highlighting a strong surge in new listings. Year-over-year, supply has grown by 20.0%, indicating steady inventory expansion and a positive shift toward a healthier market.
BROOKLYN MARKET PULSE
