Compass' Q2 2025 Brooklyn Real Estate Market Report

For my Brooklyn clients, friends, and fans, here's a snapshot of Compass' newly-released Q2 Brooklyn Market Report.

Despite geo-political uncertainty and limited inventory, Brooklyn's residential market saw a slight sales increase with 2,468 closing - up 4.7% from Q1 and 2.1% year-over-year. Luxury sales surged, with significant growth in the $2-$3M and $3M+ segments. Average and median prices rose by 7.1% and 6.6%.

Co-ops, though the smallest segment, showed strength with a 12.5% sales increase and higher prices. However, a 27.5% drop in listings led to a 36.1% decline in signed contracts.

Condos saw a 6.7% decline in sales, with contract activity down 2.9%, but prices remained stable. The $500K-$1M segment (that's the lower end, price wise) increased closings by 3.8%.

Overall inventory rose 3.6% year-over-year, with nearly 3,400 listings, though new listings decreased across all property types as sellers held onto low mortgage rates

I started working in Brooklyn because It's been a next step for many of my downtown Manhattan clients. I've also sold some fabulous listings of my own there. My people tend to gravitate to two areas: North Brooklyn (Williamsburg, Greenpoint) and Northwest Brooklyn (Brooklyn Heights, Downtown, Ft. Greene, DUMBO, Park Slope, Cobble Hill, Prospect Heights, etc.). If you or someone you know is considering selling or buying a home in Brooklyn, let's talk!