Our Q3 2024 Brooklyn Market Report

We're pleased to present Compass' Q3 Brooklyn Market Report, a look back at sales activity in July-September.

Brooklyn's real estate market is shifting. This quarter recorded 2,555 sales, a 4.3% year-over-year increase and a 1.9% quarterly rise. High-end condo sales surged, while those under $500,000 fell by 14.6%. Co-op sales dropped 4.1%, while condos and houses increased by 7.9% and 5.7%, respectively.

Condos were the only property type to see a rise in inventory, jumping 6.8% year-over-year. Meanwhile, co-ops and houses decreased, highlighting the ongoing competition in the Brooklyn market.

Would you like the complete report? Email bill@compass.com.