Compass' Q3 2026 Brooklyn Market Report

Brooklyn’s market gained momentum in Q3, with closed sales up 12.1% from the previous quarter. New listings, however, were down 16.8% year-over-year, keeping choices limited even as inventory edged up from the spring.

The biggest strength was at the high end. Sales of houses priced above $2M continued to grow, and contracts for condos and houses priced at $3M and up rose sharply. North and Northwest Brooklyn - including Williamsburg, Greenpoint, Carroll Gardens and Cobble Hill - were popular with house buyers.

What does this mean for the market? Buyers are still out there, but they’re selective. Well-positioned properties, particularly larger homes and luxury listings, are attracting demand. With fewer new listings coming to market, the key question heading into Q4 is whether sellers will step up and give buyers more choices.