Last Updated on 4/27/2026

Brooklyn Real Estate Market Report: Q1 2026, a real estate market report produced by the Brooklyn Home Team at Keller Williams Realty Landmark II. Data updated quarterly. Need Help? Contact Us. 718-968-5538

Data Source: OneKey MLS

Market Snapshot

Well, that’s it for the first quarter of 2026. As we head into the peak Spring season, it’s important to see what trends are in place and what we can expect from the local market over the next 3-6 months given all of the information we have right now. Overall the market has felt the same as it did last year. Mortgage rates have not shifted dramatically so that has remained the same. Inventory has also remained pretty low so not much has changed there.

In terms of closed sales, in the first quarter of this year sales were down 18.6% compared to the fourth quarter of 2025 and up 12.3% compared to the same quarter last year. As for home prices, in Q1 we saw the median home price in Brooklyn rise 6.5% compared to the same quarter last year. New listings on the other hand, were up 14.6% compared to last year, and were up 11.8% from Q4 2025. When it comes to active listings, right now there are about 1,124 residential (1-3 fam, coop, condo) homes for sale in Brooklyn. This is up 4.9% from last quarter and up 11.6% compared to the first quarter of 2025.

As for what we’re seeing personally, within the last few months the market has felt pretty much the same as it did last year. The market is still pretty active, and listings are still moving, but definitely not at a rapid pace. Move-in ready homes are still the most in demand properties and those are the ones that are selling fastest (as long as they’re priced well). Properties that need work, on the other hand, are having a harder time selling. We’ve actually even started seeing some neighborhoods with growing month’s supply so some areas are turning into buyer’s markets. The next few months will be interesting to see because in March we saw a spike in sellers wanting to put their homes on the market. If this is a market wide dynamic, then we may see a spike in inventory over the next few months.

We’ll continue to watch the market and keep you posted on any new developments.

Month’s Supply

What is Month’s Supply? Months of supply is the measure of how many months it would take for the current inventory of homes on the market to sell, given the current pace of home sales. For example, if there are 50 homes on the market and 10 homes selling each month, there is a 5 month supply of homes for sale.

Months of supply is a good indicator of whether a particular real estate market is favoring buyers or sellers. Typically, a market that favors sellers has less than 6 months of supply, while more than 6 months of supply indicates an excess of homes for sale that favors buyers.

Month’s Supply in Brooklyn NY

………. # Homes currently Available for Sale: 1,124 (Last Month: 1,091)

………. Average # of Homes selling each month: 81 (Last Month: 90)

………. Month’s Supply: 13.9 (Last Month: 12.1)

……….. Market in Favor of: Buyers

Closed Home Sales

The One Key MLS reported a total of 219 closed home sales in the 1st quarter of 2026. This was DOWN 18.6% from the previous quarter and UP 12.3% compared to the same quarter last year.

Median Home Price

As for Home Prices, the One Key MLS reported a median home price in Brooklyn of $886,500. This is UP 5.9% from the previous quarter and UP 6.5% compared to the same quarter last year.

Mortgage Rates

Mortgage Rates Perfectly Unchanged to Start New Week

Despite the elevated volatility risk heading into the weekend, mortgage rates are starting the week in exactly the same territory compared to Friday afternoon. As always, our rate tracking refers to top-tier 30-year fixed rates for the average lender.

The absence of meaningful movement in the underlying bond market is a testament to an increasingly high bar of relevance for war-related news. Specifically, the Iran war is the main source of inspiration not only for oil prices, but also for the bonds that dictate interest rates. 

Earlier in the war, almost any headline had a visible impact on bonds. But now it’s only the most significant developments. Those are harder to come by in late April as investors are basically waiting for either an official and permanent ceasefire, or a catastrophic re-escalation. Anything in between has proven to be fairly uninteresting when it comes to bond market influence.

(view article)

New Listings

As for New Listings, the One Key MLS reported a total of 682 new listings in the first quarter of 2026. That’s UP 11.8% from the previous quarter and UP 14.6% compared to the same quarter last year.

Active Listings

As for active inventory, the One Key MLS reported a total of 1,124 residential (1-3 family, coop, condo) properties for sale in Brooklyn. That’s UP 4.9% from the previous quarter and UP 11.6% compared to same quarter last year.

Brooklyn Real Estate Market 2026, provided by the Brooklyn Home Team at Keller Williams Realty Landmark II. Have a Question? Contact Us anytime.

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About Us

The Brooklyn Home Team is a group of friendly, service driven real estate agents in Brooklyn NY. Our team members are not only experts at what they do, but more importantly, they are driven by their desire to help people. The team approach is what truly separates us from the average Brooklyn broker, because while most agents are one person doing several things, we have several agents doing one thing, and being great at it! This ensures expertise throughout all stages of the transaction and allows us to provide the superior level of service our clients deserve. We understand that real estate is a service industry, therefore we treat it as such. Rest assured that when you work with the Brooklyn Home Team, you’ll be in good hands, with people who care ?

*The opinions expressed in This Brooklyn Real Estate Market Report are intended to supplement opinions on real estate expressed by local and national media, local Brooklyn real estate agents and other expert sources. You should not treat any opinion expressed on this report as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of opinion. The Brooklyn Home Team at Keller Williams Realty Landmark II does not guarantee and is not responsible for the accuracy or completeness of information, and provides said information without warranties of any kind. All information presented herein is intended and should be used for educational purposes only. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. All investments involve some degree of risk. The Brooklyn Home Team will not be liable for any loss or damage caused by your reliance on information contained in this report.