Market Overview I Brownstone Brooklyn I February 2026
Every month, we dive into the $1M+ market to uncover trends, then take a closer look at new developments, the luxury segment, and the key factors shaping our city’s real estate landscape.
In February, key areas in Brooklyn, including Park Slope, Fort Greene, Brooklyn Heights, Cobble Hill, and Carroll Gardens, showed mixed real estate trends across different market segments. Overall, contracts signed doubled with a 100% increase, totaling 46 contracts. The top contract of the month was $8,900,000 at 52 Sidney Place in Brooklyn Heights, followed by a contract at 94 Douglass Street in Cobble Hill for $6,995,000. New listings saw a slight decline, with 44 new listings coming to market. The top new listing was $14,995,000 at 1 Monroe Place in Brooklyn Heights. Sales remained largely consistent year over year, with 72 closings, led by a new development sale at 170 Clinton Street for $14,000,000.
New development contracts signed increased by 43%, with 10 contracts in total. The top contract was $3,975,000 at 144 Vanderbilt Avenue, a townhouse unit. This reflects growing buyer interest despite a significant drop in new listings, which were down 76%. There were 16 sales during this period, with the top sale at $3,250,000 at 16 2nd Place in Carroll Gardens.
The $4M+ market saw stable contract activity, though recorded sales fell by 43%. Interestingly, the average price in new listings rose by 18%, showing that while sales were lower, the value of transactions remained strong. New listings in this segment decreased by 33%.
Single-family homes saw contracts rise by 50%, alongside a significant increase in new listings, up 250%. Despite the 50% increase in contracts signed, there were still only 3 contracts, with the highest at $8,900,000 as mentioned above. New listings also jumped 250%, with seven new listings during this period, led by the $14,995,000 listing referenced earlier. There were 4 sales, with the top sale at 623 2nd Street in Park Slope for $6,220,000.
Overall, February in Brooklyn shows a market with strong pockets of activity across both new developments and single-family homes, even as some segments saw lower sales or fewer listings. The combination of rising contract values and notable top transactions highlights continued buyer interest and a dynamic market landscape.
