Last Updated on July 25, 2025

Brooklyn Real Estate Market Report: Q2 2025, a real estate market report produced by the Brooklyn Home Team at Keller Williams Realty Landmark II. Data updated quarterly. Need Help? Contact Us

Data Source: OneKey MLS

Market Snapshot

Month’s supply ticked up in Q2. We’re now looking at month’s supply of 14.2 months which indicates a market that is favoring buyers. As for home sales, in Brooklyn home sales were up quarter over quarter but down year over year. Overall transactions have been remaining below historical levels, mainly due to lack of inventory and higher mortgage rates.

Average days on market remained fairly steady at 80 days while home prices dropped both quarter over quarter and year over year. New listings rose about 14% quarter over quarter and about 5% year over year so we are definitely seeing an uptick in new inventory. And lastly, when it comes to active listings on the market in Brooklyn, at the end of Q2 housing inventory was up about 7% quarter over quarter and up about 8% year over year.

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: 1,135

………. Average # of Homes selling each month: 80

………. Month’s Supply: 14.2

……….. Market in Favor of: Buyers

Closed Home Sales

The One Key MLS reported a total of 276 closed home sales in the 2nd quarter of 2025. This was UP 34% from the previous quarter and DOWN 32% 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 $788,000. This is DOWN 8.9% from the previous quarter and DOWN 15.2% compared to the same quarter last year.

Mortgage Rates

Mortgage Rates Tick Higher, But Just Barely

Wed, Jul 23 2025, 3:22 PM

It’s been a pretty good run for mortgage rates since hitting their most recent highs last Tuesday. Each subsequent day saw a modest improvement. That winning streak finally ended today, but just barely. The average top tier 30yr fixed rate was only 0.01% higher compared to yesterday.

For all practical purposes, that means that rates have been flat soo far this week after starting out just a bit lower than last week.  There haven’t been any major sources of motivation in terms of economic data.  Headlines surrounding trade deals have made for some barely-noticeable reactions in the underlying bond market, but not big enough to have a more visible impact on rates.

Tomorrow brings the week’s most active slate of economic data even though the reports on tap are not remotely in the same league as several of next week’s key players. The implication is that volatility potential is slightly higher. But that’s not saying much considering the absence of any volatility so far this week.

(view article)

New Listings

As for New Listings, the One Key MLS reported a total of 730 new listings in Q2 2025. That’s UP 14.4% from the previous quarter and UP 4.7% compared to the same quarter last year.

Inventory

As for active inventory, at the end of Q1 the One Key MLS reported a total of 1,135 properties for sale. That’s UP 6.5% from the previous quarter and UP 7.9% compared to same quarter last year.

Brooklyn Real Estate Market 2025, 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.