Weekly Manhattan and Brooklyn Market Update: 2/9
February 9, 2026
February 9, 2026
The Howard Hanna NYC Consumer Sentiment Index reflected a bifurcated market this week. Manhattan experienced a temporary pullback in contract activity despite improving sentiment metrics, while Brooklyn re-accelerated meaningfully, supported by renewed buyer engagement.
Importantly, negotiating leverage remains highly asset-specific, with well-priced homes continuing to transact efficiently while misaligned listings face extended exposure as buyers exercise increased selectivity.
Outlook: As February unfolds, the market is shifting from observation to execution. Buyers are increasingly active but remain selective, while sellers are methodically introducing inventory ahead of the spring season.
Bottom line: Momentum is rebuilding, but it is uneven and pricing-sensitive, favoring assets that align with buyer expectations on value and quality.
For the third consecutive week, Manhattan active inventory increased to 5,313 homes (+1.9% WoW | –4.3% YoY). New listings totaled 333 units (+25% WoW | –1% YoY), continuing to trail last year’s pace. This reflects a measured seller ramp-up, not a surge, as owners prepare strategically for the spring cycle.
Brooklyn inventory edged down to 2,917 homes (–1.1% WoW | +1.2% YoY), marking a brief contraction after three consecutive weeks of growth. New listings rose sharply to 153 units (+23.3% WoW | –17% YoY), indicating that early February is beginning to unlock supply, even as volumes remain below last year’s levels.
Manhattan Pending Sales: Decreased -3.1% WoW to 2,716 units
Brooklyn Pending Sales: Declined -0.1% WoW to 1,654 units
Pending sales softened modestly week over week, consistent with seasonal timing effects rather than structural weakness. Buyers continue to delay commitments selectively as additional inventory is anticipated.
Photo by Rihards Gederts | Howard Hanna NYC
Manhattan recorded 141 signed contracts (–23% WoW | –33% YoY). Despite lower weekly deal volume, the Manhattan Consumer Sentiment Index remained improved at –9%, sustaining the early-cycle inflection seen in prior weeks. This divergence suggests buyer intent is stabilizing, even as execution remains cautious.
Brooklyn logged 109 signed contracts (+27% WoW | –13% YoY). The Brooklyn Consumer Sentiment Index surged from +18% to +48%, signaling a renewed wave of buyer engagement entering February. The borough continues to demonstrate relative strength, particularly among first-time and value-driven buyers.
New development activity remained constructive based on Marketproof data, with 28 signed contracts across 20 buildings, underscoring steady buyer engagement in select, well-positioned projects as 2026 gains traction.
Top-performing developments this week included:
1122 Madison Ave (Upper East Side) with 4 signed contracts
The Residences at West 9th Street (Greenwich Village) with 3 signed contracts
The data continues to reinforce that buyers are prioritizing location quality, pricing discipline, and delivery certainty, a consistent theme as early-cycle demand takes shape.
Howard Hanna NYC brings the nation’s largest independent and family-owned brokerage to New York City, uniting the strength of a national network with the insight and sophistication of a local firm. Formed through joining forces with Elegran Real Estate, Howard Hanna NYC delivers a seamless, full-service experience backed by more than 15,000 agents across 500 offices in 14 states. The firm’s forward-thinking, agent-first culture continues to shape the future of real estate across Manhattan and the Tri-State area.Learn more at www.howardhannanyc.com.
Her experience, expertise, and engaging personality make Sonal the perfect combination of advisor, advocate, and strategist. She is the proud owner of several NYC properties and a skilled negotiator with a deep understanding of people and sharp instincts about market trends.
