November 2025 NYC Market Insights: Manhattan & Brooklyn
Welcome to your November NYC Market Insights, where we break down the latest trends shaping both the Manhattan and Brooklyn real estate markets. As we move deeper into the fourth quarter, seasonal slowdowns are normal—but this year’s data reveals some compelling shifts in pricing, inventory, and buyer behavior across both boroughs.
Brooklyn Market Overview
Brooklyn experienced a mild cool-down in November, but pricing remained impressively resilient across property types.
According to the November 2025 Compass Market Report, the average sale price in Brooklyn reached $1.38 million, a 3.6% increase year-over-year.
Brooklyn 2025 November Report
Inventory & Activity
Inventory tightened notably—down 5.1% from October—which continues the trend of limited supply seen throughout the fall. Contracts signed fell by 19.5% month-over-month, reflecting a combination of seasonal slowdowns and growing buyer selectivity as interest rates and macroeconomic conditions continue to influence decision-making.
Standout Segment: Condos
Brooklyn condos outperformed all other property types this month:
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Average sale price jumped 11% from October
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Price per square foot rose to $1,295
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Inventory decreased by 8.4%
The condo market remains competitive, particularly for newer, well-located buildings with strong amenity packages.
Manhattan Market Overview
Across the river, Manhattan delivered a mixed—but stabilizing—market picture for November.
Per the Compass Manhattan Market Insights report, the average sale price reached $2.33 million, marking a 3.1% increase from October, even as the median sale price saw a slight seasonal dip.
Manhattan 2025 November Report
Inventory & Activity
Inventory dropped by 9%, bringing Manhattan’s available supply to one of the lowest points of the year. Contracts signed were down 13.1%, consistent with typical late-fall market behavior.
Although activity softened, pricing remained relatively steady—underscoring the resilience of prime Manhattan real estate amid shifting market conditions.
Standout Segment: Townhouses
The luxury townhouse segment was the clear highlight of November:
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Average sale price surged to nearly $11 million
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15% increase from October
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Contracts signed held steady
This suggests strong demand for high-end, character-rich properties that offer privacy, space, and long-term value—features increasingly important to discerning buyers.
What This Means for Buyers & Sellers
For buyers:
Tighter inventory in both boroughs means fewer options but also less competition in certain segments due to seasonal slowdowns. Serious buyers may find opportunities before demand picks back up in early 2026.
For sellers:
Pricing stability—especially in condos and Manhattan’s townhouse market—continues to work in your favor. Listings that are well-priced and well-presented are still moving, even with lighter traffic.
Final Thoughts
November’s data shows a market that’s cooling in activity—but not in value. Both Manhattan and Brooklyn continue to demonstrate stability, with nuanced pockets of strength depending on property type.
If you’d like insights tailored to your neighborhood or building—or want to discuss timing your next move—I’m always here to help.