Compass' Q1 2024 Brooklyn Market Report

This week, we're pleased to present Compass' Q1 2024 Brooklyn Market Report, a look at sales activity from the first three months of the year.

Brooklyn’s residential real estate market is experiencing a significant shift. Contract activity was down compared to last year but surged by 8.6% quarter-over-quarter, reflecting renewed buyer enthusiasm at the start of the Spring season. The number of homes for sale rose by 2.6% year-over-year and 11.3% quarter-over-quarter. Median prices saw significant increases from last year, while average prices showed modest growth. That suggests a more competitive market.

While these quarterly reports provide a broad overview of the market, they may or may not apply to your specific situation. Please reach out for information geared to your individual needs. Ditto if you're interested in seeing our colleagues' gorgeous 30' wide townhouse listing at 17 Montgomery Place in Park Slope, listed for $9.785M, pictured above!

Click here for the full report.