We are pleased to present our snapshot of Brooklyn contracts signed from January 24 to 30, 2026. This weekly data comes directly from The Corcoran Report, and as always, we've broken it down so it's easy to understand — whether you're actively searching, planning ahead, or simply keeping an eye on the market.

The Big Picture: 59 Contracts Signed

Last week, 59 contracts were reported signed across Brooklyn — up 11% from the previous week, which is a welcome sign of forward momentum heading into February. However, that number still sits 27% below where we were at the same point last year, and this marks the sixth consecutive week with a year-over-year decline in contracts.

What does that mean in plain terms? The market is moving, but it's moving more cautiously than it did in early 2025. For buyers, that translates to slightly less competition at the negotiating table. For sellers, it's a reminder that pricing strategy and presentation matter more than ever right now.

Product Type Breakdown: Who's Buying What?

New development was the standout category this week, surging 83% week-over-week with 22 contracts signed. That's a meaningful jump and worth watching — it suggests that developers are pricing competitively enough to attract buyers, even in a more measured market environment.

Resale condos held steady at 15 contracts (up 25% from the prior week), while resale co-ops dipped to 12 — down 20% week-over-week and a notable 52% below last year's pace. If you're considering a Brooklyn co-op or condo purchase, this could be a smart window to act. The softer co-op numbers mean there's room to negotiate in a way we haven't consistently seen in recent years.

Single-family homes and townhouses were quieter, with just 4 single-family contracts (down 33%) and 6 townhouse deals in the 2–4 family range (down 25%). That said, single-family was the only product type that held even with last year — zero change year-over-year — which speaks to the enduring demand for that lifestyle, especially among families making the move into Brooklyn.

Price Range Insights: Where the Action Is

The $1M to $2M price range dominated the week with 18 contracts — up 20% from the previous week and the most active segment across the board. This aligns with what we've been seeing in Brooklyn's luxury and move-up markets, and it's worth understanding the full cost picture before you buy — especially in this price tier.

The $750K to $1M range also had a strong showing, jumping 175% week-over-week (from 4 contracts to 11). That kind of spike in a single week often signals pent-up demand releasing — buyers who were on the fence are starting to move.

On the higher end, the $2M to $3M segment saw 7 contracts (down 13%), and the over-$3M category held flat at 8. Combined, the $1M+ market brought in 28 contracts this week — a healthy share of the total, and a sign that Brooklyn's premium market remains active even as overall volume dips.

Neighborhood Spotlight: Carroll Gardens Leads the Way

Of all the Brooklyn submarkets tracked this week, Carroll Gardens / Boerum Hill / Red Hook was the only area to show a year-over-year increase in contract activity — albeit by a margin of just one sale. In a week where every other submarket declined annually, that's still a meaningful signal.

Carroll Gardens has long been one of Brooklyn's most sought-after neighborhoods, and if you've been eyeing that tree-lined stretch of the borough, now is worth a serious look. We broke down exactly what's happening in this market in our Cobble Hill & Carroll Gardens market update — including current pricing, days on market, and what's driving demand.

Meanwhile, Williamsburg & Greenpoint posted 10 contracts (up 43% week-over-week), and Fort Greene / Clinton Hill / Prospect Heights doubled from 2 contracts to 4. South Brooklyn, which includes Bay Ridge and surrounding areas, brought in 9 contracts — up 13% from the prior week. For those of us rooted in Bay Ridge, it's encouraging to see steady activity in our corner of the borough.

The Week's Priciest Sale: A Brooklyn Heights Showstopper

The most expensive transaction reported this week was a 22-foot-wide, Federal-style brick townhouse at 52 Sidney Place in Brooklyn Heights — listed at $8.9 million. At 5,280 square feet with 7 bedrooms and 4.5 baths, it's the kind of property that only comes to market a handful of times in a given year.

Brooklyn Heights continues to be one of the borough's most historically significant and architecturally stunning neighborhoods. If grand townhouse living is on your radar — whether as a primary residence or an investment — it's a market worth understanding deeply.

What This Means for Buyers and Sellers Right Now

If you're a buyer, the current data is quietly encouraging. Volume is down year-over-year, which means less bidding war pressure in many segments. The $750K–$2M range in particular seems to be hitting a sweet spot of activity and opportunity. Co-ops, in particular, are worth a serious second look — the 52% annual decline in resale co-op contracts suggests sellers may be more willing to negotiate than they have been in a while.

If you're a seller, the message is straightforward: your pricing and presentation need to do the heavy lifting. The market isn't stagnant — 59 contracts in a single week proves that buyers are out there — but they're being selective. Strong staging, accurate pricing, and a compelling listing narrative are what's separating the homes that sell from the ones that sit.

Whether you're relocating from New Jersey into Brooklyn or moving within the borough, having a clear-eyed view of the data is the first step to making a confident decision. That's exactly what these weekly updates are here for.

This report is based on data from The Corcoran Report. All material is intended for information purposes only and is from sources deemed reliable. The Corcoran Group is a licensed real estate broker located at 590 Madison Ave, NY, NY 10022.

Questions about the Brooklyn market? Reach out to Laurie Savino at The Savino Team, Corcoran — Brooklyn and Monmouth County's dual-market specialist.