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rooklyn’s 3Q 2025 real‑estate snapshot shows a resilient market that continues to attract buyers even as mortgage rates climb and economic outlooks waver. Contract activity rose 4 % to 821 deals, while closed sales slipped 2 % year‑over‑year to 1,386 transactions—marking the fifth straight quarterly decline. Nevertheless, total sales volume jumped 11 % to $1.628 billion, driven largely by higher prices and a rebound in new‑development closings, the only segment to grow after four quarters of decline.

    Inventory remains tight. Listed units fell 6 % to 1,681, 16 % below the ten‑year Q3 average, largely due to a sharp drop in new‑development listings and a 2 % decline in resale condo offers. Studio and one‑bedroom inventory edged up, whereas two‑ and three‑bedroom units fell double‑digit. Homes priced $350‑$500 k saw a 15 % rise in active listings, while the $750‑$1 M bracket shrank 26 %.

    Pricing metrics hit record highs. Median sale price climbed 16 % to $925 k, and the average price per square foot rose 10 % to $1,198. New‑development prices surged 38 % to $1.401 m, buoyed by strong demand in Boerum Hill, Williamsburg, and Greenpoint. Resale condo median price dipped 1 % to $1.025 m, yet remains the second‑highest on record.

    “Brooklyn’s market still offers smart opportunities for buyers and strong demand for sellers,” says Michael Sorrentino, SVP and General Sales Manager, NY.