The New York City real estate market remains on solid footing, showing continued strength as it recorded 265 signed contracts, marking the second-strongest week of the year. Although this represents a 7% decline from the previous week, it’s still well above the 2025 weekly average.

More importantly, March contract volume has now surpassed last year’s levels, signaling renewed buyer confidence and growing momentum. The Elegran | Forbes Global Properties NYC Consumer Sentiment Index dipped from +55 to +38—but importantly, sentiment stayed in positive territory, signaling sustained buyer engagement as the spring market gains traction.

On the supply side, Manhattan's inventory increased 2.6% to 6,561 active listings, with 437 new homes coming to market. While new listings were 16% lower than last week, they remain well above this year’s average and continue to outpace 2024 levels—giving buyers more options and helping to balance demand.

Brooklyn saw 128 contracts signed, a 12% decrease from the prior week. Still, activity remains within the weekly range of 120–130, and while March contract volume is trending 5% below last year, buyer demand remains steady across the borough.

Supply in Brooklyn also rose, with inventory up 2.5% to 3,169 active listings, supported by 227 new homes entering the market. Despite a slight 3% week-over-week decline in new listings, inventory growth continues to outpace last year’s levels, highlighting ongoing seller confidence and sustained market movement.

Manhattan Supply

Inventory in Manhattan rose 2.6% this week to 6,561 active listings, driven by 437 new homes hitting the market. While that’s 16% fewer than last week, it remains well above this year’s average and continues to surpass last year’s levels. This consistent influx of new inventory is giving buyers more options and helping to keep pace with rising demand—bringing a healthier balance to the market.

Brooklyn Supply

Inventory in Brooklyn rose 2.5% this week to 3,169 active listings, with 227 new homes coming to market. While that’s a slight 3% dip from last week, new listings continue to outpace last year’s levels.

Manhattan Pending Sales: Pending sales increased by 2.6% to 2,977. 

Brooklyn Pending Sales: Pending sales remained steady at 1,834.

Manhattan Consumer Sentiment

Manhattan posted its second-highest weekly contract volume of 2025, with 265 contracts signed. While this marks a 7% dip from last week, it remains well above this year’s weekly average. After lagging behind in January and February, March contract activity has now overtaken last year’s pace—signaling a clear uptick in buyer confidence and momentum heading into the spring market. The Elegran | Forbes Global Properties Manhattan Consumer Sentiment Index dipped slightly from +40 to +31 due to the week-over-week decline, but importantly, it remains in positive territory for the fifth straight week—reinforcing a more steady and optimistic outlook among buyers.

Brooklyn Consumer Sentiment

Brooklyn recorded 128 signed contracts this week—a 12% dip from the previous period—bringing the Elegran | Forbes Global Properties Brooklyn Consumer Sentiment Index down from +96 to +73. Despite the pullback, contract activity remains steady within the typical range of 120–130 per week. While March activity is tracking about 5% below last year’s levels, the market continues to show resilience, with buyer engagement holding steady. 

New Development Insights 

Marketproof reported that 54 new development contracts were signed in 36 buildings this week. The following buildings were the top-selling new developments of the week:

- Bergen Brooklyn (Boerum Hill) and The Josephine (Bushwick) signed four contracts.

- The Harper (Yorkville) signed three contracts.