🏙️ NYC Housing Market — Q3 2025 (The Corcoran Report: Brooklyn)

EXECUTIVE SNAPSHOT

Brooklyn’s housing market hit record highs in Q3 2025—median price up 16% to $925K—even as mortgage rates hovered stubbornly high. Buyers showed determination; sellers showed restraint. Inventory tightened another 6% year-over-year to 1,681 units, the lowest third-quarter level in nearly a decade. Yet overall sales volume jumped 11% to $1.63 billion, proving that higher prices more than offset fewer closings.

• Contracts signed: 821 (+4% YoY, −22% QoQ)
  
• Closings: 1,386 (−2% YoY) — second-lowest Q3 in 9 years
  
• Days on market: 72 (−13% YoY) — fastest pace in 3 years
  
• Median price: $925K (+16%)
  
• Average PPSF: $1,198 (+10%)
  

“Brooklyn is rising—not just in prices, but in confidence.”

BOROUGH DEEP-DIVE

Sales and Pricing Momentum

Despite headwinds from rates and CPI, the market regained rhythm: buyers chased scarce inventory while sellers stayed locked into low-rate loans.

• New-development median price soared 38% to $1.401M; average PPSF up 14%.
  
• Resale co-op prices rose 8%; resale condos were flat (−1%).
  
• Average price hit $1.174M, a record.
  

Market composition shifted upward, reducing sub-$750K sales share and fueling a “flight to quality”—Boerum Hill, Greenpoint, and Williamsburg were the showstoppers .

Inventory Compression

Supply contracted to 1,681 listings (−6% YoY), 16% below the 10-year Q3 average.

• New development inventory fell 23%.
  
• Co-ops (+2%) and studios (+13%) were the only categories growing.
  
• The $750K–$1M segment lost 26% of supply, the steepest drop of any price band.
  
• Carroll Gardens / Boerum Hill / Red Hook led declines (−43%).
  

Brooklyn is now officially a tight market with record-low new-dev launches and a “locked-in” ownership class reluctant to trade up .

Neighborhood Highlights

FORWARD SIGNALS

Macro Forces

• Rates: Long-term mortgage rates stabilizing around 6.75–7% are tempering move-ups but enticing cash buyers.
  
• Inflation (CPI): Moderating trend offers cautious optimism for Q4.
  
• Pipeline: Few new projects in the pipeline signal continued supply scarcity through mid-2026.
  
• Absorption: Rapid in mid-price segments ($750K–$1.5M) where buyers compete fiercely.
  

Forecast: Expect a “competitive plateau”—pricing stays elevated but volume flat. The spring 2026 market could reignite if rates drop by even 0.5%.

PLAYS FOR PROS

🏢 Investors

1. Capitalize on Tight Supply: Acquire units in Boerum Hill or Fort Greene where new-dev sellouts limit competition.
   
2. 1031 into Brooklyn Luxury Rentals: Shift equity from stagnant suburbs to high-yield multifamily assets.
   
3. Track DOM: Focus on listings >90 days old to negotiate below ask in premium zones.
   

🏡 Buyers

1. Lock Your Rate + Negotiate Extras: Ask for closing credits or storage incentives instead of price cuts.
   
2. Follow “Inventory Momentum”: Target Kensington or Flatbush where inventory is up 14%.
   
3. Leverage CMA Tools: Use Corcoran/StreetEasy comparables to see price-per-square-foot trends before bidding.
   

💼 Sellers

1. Play the Scarcity Card: List now—inventory −16% below 10-year average.
   
2. Highlight Speed: Average marketing time fell to 72 days—position listing for quick absorption.
   
3. Digital First Impressions: Deploy short-form video tours and social boosts—tech-savvy buyers browse mobile first.
   

RISKS & CAVEATS

• Affordability Pressure: Wage growth lags price growth by ~3 points.
  
• Inventory Vacuum: If rates fall sharply, expect pent-up seller activity to flood the market.
  
• Macro Volatility: Economic uncertainty still limits lending confidence.
  

SOURCES

• The Corcoran Report 3Q 2025: Brooklyn (Inhabit by Corcoran)
  
• Supplemental market tracking: Mortgage Bankers Association, CPI release Sept 2025.
  

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Work with a data-driven NYC advisor.
 Sydney “Syd” Harewood — Licensed Real Estate Salesperson, LEVEL Group
Call/Text: 646-535-3819 • Email: sharewood@levelgroup.com
Site: nycexclusiveapts.com — Your Premier Bridge to Manhattan Living
 Follow updates on X: @Sydharew
 Office: LEVEL Group, 5 West 37th St, 12th Floor, New York, NY 10018
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Information is listing-based and for educational purposes; not legal, tax, or investment advice. Verify building financials and local regulations before transacting.

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For tailored guidance or to explore luxury homes in New York’s emerging markets, feel free to reach out to Sydney Harewood at NYC Exclusive Apartments (☎️ 646-535-3819, nycexclusiveapts.com "Your Premier Bridge to Manhattan Living."). With deep local expertise and a personalized approach, Sydney is ready to help you discover your own slice of the storybook lifestyle.

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