Data Drops
182 Brooklyn listings cut their price in the week of Oct 29 to Nov 4, 2026, and the typical cut came 9 weeks after listing. Here’s why December, when new listings drop 57% but contracts hold, is a window for buyers.
I compared the advertised tax on 345 new condo units in Brooklyn, Manhattan and Queens with the actual 2026-27 city tax bill. 24 of 30 buildings missed by 10% or more, and the median unit pays 15% more than its listing said.
NYC’s rental vacancy rate is 1.41%, the lowest since 1968, and a quarter of Brooklyn’s usual 3-bedroom listings are not coming to market. Here is the neighborhood-by-neighborhood picture for Brooklyn and Manhattan.
After rates crossed 7%, Brooklyn signed 24 fewer deals under $1M, but the deals that happened moved just as fast. Brooklyn Heights contracts rose from 29 to 40 after the BQE news, and small elevator buildings cost about the same as walk-ups.
A deeded parking space in a new Brooklyn condo has a $75K median price, and Manhattan’s is $175K. Here’s what it costs by neighborhood, and why City of Yes could make spots scarcer.

