Inventory BY PROPERTY TYPE
% Δ
% Δ
Condos
Q4 '23
Q3 '23
Q4 '22
801
1,226
-34.7%
1,044
-23.3%
# ACTIVES
$990,000
$950,000
4.2%
$929,000
6.6%
MEDIAN PRICE
Inventory fell 14.6% year-over-year and 32.1% quarter-over- quarter, dropping below 3,000 active properties for the frst time since 2014, emphasizing the inventory struggle Condos saw the greatest drop in active listings of 23.3% year- over-year, while houses were down 8.1% Year-to-date new listings were down 21.1% following a decline of 5.6% in 2022, the lowest since 2016 55.5% of inventory was in South Brooklyn and was predominantly houses, followed by 18.9% in Northwest Brooklyn
$1,424,759 $1,373,360 3.7% $1,404,721 1.4%
AVERAGE PRICE
$1,176
$1,155
1.8%
$1,165
0.9%
AVERAGE PPSF
1,980
1,158
71.0%
1,155
71.4%
AVERAGE SF
% Δ
% Δ
Co-ops
Q4 '23
Q3 '23
Q4 '22
# ACTIVES
566
856
-33.9%
683
-17.1%
$439,500 $449,000 -2.1% $449,000 -2.1%
MEDIAN PRICE
$614,330 $630,557 -2.6% $597,937 2.7%
AVERAGE PRICE
% Δ
% Δ
Houses
Q4 '23
Q3 '23
Q4 '22
ACTIVE PROPERTIES
MEDIAN SALE PRICE
# ACTIVES
1,522
2,173
-30.0%
1,656
-8.1%
MEDIAN PRICE
$1,499,000 $1,500,000 -0.1% $1,499,000
-
$700K $750K $800K $850K $900K $950K $1.0M $1.1M $1.1M $1.2M $1.2M $1.3M
1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 5,000 5,500 6,000
AVERAGE PRICE
$2,039,423 $2,034,040 0.3% $1,964,471 3.8%
AVERAGE PPSF
$709
$701
1.1%
$702
1.0%
2,892
2,927
-1.2%
2,828
2.3%
AVERAGE SF
Q4 '14Q4 '15Q4 '16Q4 '17Q4 '18Q4 '19Q4 '20Q4 '21Q4 '22Q4 '23 0 500
09
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