As the fall market gains momentum, Manhattan and Brooklyn are showing two distinct yet encouraging patterns of activity. In Manhattan, prices softened slightly month-over-month, with the median sale price down nearly 10%, yet contract activity held steady year-over-year. Co-ops were a bright spot, with average prices rising 15% and signed contracts up over 7%, reflecting renewed demand for value-driven opportunities amid elevated inventory. Across the river in Brooklyn, price growth remained strong compared to last year despite a modest monthly dip. The borough’s average sale price climbed 8.3% year-over-year, and the average price per square foot surged 16%, signaling continued competition for well-located homes. Inventory inched higher, but days on market shortened, suggesting that serious buyers are moving quickly when the right property hits the market. Together, the two markets tell a story of resilient buyer confidence, evolving price dynamics, and select neighborhoods outperforming expectations as we enter the final stretch of 2025.