- Brooklyn's real estate is jamming with a 2.5% rise in fresh listings this season.
- Recent demand trends show a dip in pending sales, but a lively bounce back is on the horizon.
- Expect a crescendo in both supply and demand as we groove into October and November.
Ah, the intoxicating scent of autumn leaves and... fresh listings? That’s right, Brooklyn is ringing in the new season with some interesting shifts in the real estate market. And if you’re a numbers kind of person (or just curious), you're in for a treat!
Supply's New Beat
It seems Brooklyn's rhythm is picking up in the inventory department. In the recent weeks, supply climbed by a noteworthy 2.5%! We're now looking at 3,134 new listings waiting for the right buyer. And if history's is any evidence, the market is setting the stage for some groovy action in the coming months.
Dancing with Demand
Meanwhile, on the demand floor, we've witnessed some moves. Pending sales, which had been our trusty barometer, are ticking down at 1,944. A slight dip, yes, but keep in mind, this is often the seasonal dance. As we inch closer to October and November, we're anticipating a more upbeat track with a potential crescendo in numbers.
A Weekly Glimpse
The last seven days have been particularly telling:
Supply: 223 fresh listings popped up, albeit a modest 1% decrease. It's a gentle reminder that while we've had a burst of new entries, there's still a bit of work to be done.
Demand: Good news for sellers, 117 contracts were signed, marking a jump of approximately 40%. And if I were a betting man, I’d wager that the next few weeks will be even more bustling!
Brooklyn's Tempo: What's Next?
Fall in Brooklyn promises more than just pumpkin spice lattes (thankfully, ‘cause I’m not a fan… Controversial! I know!).
The real estate scene could see further spikes in both supply and demand, especially given the current momentum. As we wrap up September and sway into October, the cues hint at a busier marketplace ready to groove to the season's beat.