Manhattan and Brooklyn Hold Steady as Fall Momentum Builds

Seasonal shifts are settling in, yet both Manhattan and Brooklyn show firm market footing. Manhattan inventory continues its steady climb - now seven weeks in a row - while contract activity remains resilient despite lighter new listings. Brooklyn, meanwhile, regained ground in supply and held buyer confidence, hinting at a market that’s balancing renewed demand with realistic pricing. Early October data signals a composed, steady fall season ahead - neither overheated nor cooling too sharply.

Executive Highlights:

• Manhattan inventory rose for the 7th straight week to 6,903 units (+1% WoW, +1.8% YoY)

• Brooklyn supply rebounded to 3,526 homes (+1.09% WoW, +2.9% YoY)

• Contracts signed: Manhattan 209 (–2.8% WoW, +12% YoY) and Brooklyn 120 (+1.7% WoW, –10% YoY)

• Consumer Sentiment Index: Manhattan +7% | Brooklyn +65% - confidence remains steady in both boroughs

Also, the overall Elegran NYC Consumer Sentiment Index decreased from 35% to 23%, reflecting a more measured but still optimistic outlook across boroughs.

Manhattan Supply

Inventory climbed for the seventh consecutive week, reaching 6,903 homes (+1% WoW, +1.8% YoY). While new listings dipped to 388 units (–18.7% WoW), supply remains 44% above last year, showing sellers remain engaged even as the pace cools slightly.

Brooklyn Supply

Brooklyn’s supply rose to 3,526 homes (+1.09% WoW, +2.9% YoY) after a brief pullback. New listings reached 193 units (+4.9% WoW, +8% YoY), underscoring the borough’s solid seller participation and market balance heading into mid-October.

Manhattan Pending Sales: Pending sales slipped just –0.35% to 2,888 units, a modest adjustment reflecting the normal early-fall transition as contract activity levels out after a busy September.

Brooklyn Pending Sales: Brooklyn pending sales eased –2.09% to 1,784 units, suggesting brief recalibration following last month’s uptick in buyer momentum.

Manhattan Consumer Sentiment

Contracts reached 209 signed (–2.8% WoW, +12% YoY), while Elegran’s Manhattan Consumer Sentiment Index moderated from +19% to +7%. The fall market is taking shape as post-summer contracts normalize, signaling a composed - rather than contracting - market.

Brooklyn Consumer Sentiment

Brooklyn recorded 120 signed contracts (+1.7% WoW, –10% YoY). The Brooklyn Consumer  Sentiment Index climbed from +63% to +65%, reinforcing sustained optimism and measured stability among active buyers.

New Development Insights 

Marketproof tracked 30 new development contracts across 27 buildings. Top performers included:

• Brooklyn Point (Downtown Brooklyn) and One Domino Square (Williamsburg) each signed 2 contracts.

If you would like to chat about the most recent market activity,

feel free to contact us at info@elegran.com or 

connect with one of our Advisors.

About Us

Welcome to Elegran, where our mission is to revolutionize the world of real estate. Founded in 2008 by Michael Rossi, our journey began with an unwavering drive for motivation, innovation, and a genuine care for our clients.

As an independently owned brokerage, we pride ourselves on our elite team of "advisors," offering a personalized touch that goes above and beyond the traditional real estate experience. Armed with robust data insights, we empower our clients to make informed decisions that lead to success.

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