Property sales in our Brooklyn neighborhoods February 2024

As we bid farewell to winter and eagerly await the arrival of spring, it’s no surprise that the real estate market is abuzz with increased inventory. However, a pertinent question arises – is this surge in inventory sufficient to meet the pent-up demand for quality homes?

In District 15, there are currently 175 active properties, while District 13 boasts 140 active properties. While these numbers represent an uptick from the lows experienced in December, it’s evident that the inventory levels are still not meeting the burgeoning demand for desirable homes.

To gain a deeper understanding of the evolving real estate landscape, take a closer look at the insightful trends depicted in the charts below. Additionally, if you’re curious about the impact of inflation and fluctuating interest rates on the housing sector, I invite you to connect with us for an engaging discussion.

Let’s delve into these significant market dynamics together and explore how they might shape your real estate decisions. Reach out to us and let’s navigate the evolving real estate landscape as a team.

Our monthly report on the property market (condo and coop as well as townhouse sales, below for the month of February) in District 13 and District 15 as well as the neighborhoods that make up those school districts including Brooklyn Heights, DUMBO, Boerum Hill, Cobble Hill and Park Slope is out for February. On each image below the data is broken down based on the status of properties:

• Actively for sale (private exclusive, coming soon, new listings, back on market, price increase and price reduction)
• In the sale process (contract out and contract signed)
• Off market (sold, temporarily off market, permanently off market, exclusive expired)