Brooklyn's summer 2025 housing market is influenced by an increase in supply and record rents, although the overall demand remains subdued. The supply situation has notably improved, reaching levels above last year's due to sellers re-entering the market. This increased inventory is most noticeable in the luxury segment, where prices are slowly recovering. Despite softer overall demand metrics, Brooklyn's real estate continues to demonstrate resilience, reflecting a market that is adapting from previously tight conditions and is driven by unique local dynamics.
Brooklyn's spring market is seeing record rents and resilience in sales prices despite softer demand, showcasing a complex landscape distinct from Manhattan's more robust climate.
The revival of supply in Brooklyn has seen inventory jumping 8.5% above last year's levels, particularly driven by the over-$2-million segment, which is witnessing notable price recovery.
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