As promised, Rosemarie has more information about the 69 square acres that is Brooklyn New York. She covers Dumbo, Greenpoint, Williamsburg, Prospect Heights, and Park Slope neighborhoods.  

Does her Market Report from UrbanDigs answer the big question: Is it a buyer’s market? Well according to Rosemarie, it’s yes and no.  

And her Deane Gets it Done story this month is about how to sell a church; it’s complicated, but she got it done! 

Her quote of the month is short and to the point, but some would consider the advice impossible.  

As always, contact her if you have any questions about buying or selling real estate. 

Rosemarie.deane@sothebys.realty

Call or Text her at 917-407-8452

Market Update Transcript

Latest Urban Digs report for Brooklyn

Supply of new properties on the market is way down, 20% from the highs in 2021.

Pending sales are picking up, but still down

compared to last year. Last year was exceptional.

Is it a buyer’s market?

Yes and no.

Co-op and condo sellers are not panicking. There may be a slight discount from the asking price, between

3.5 and 4.5 percent, but nothing dramatic.

The same applies to townhouses. Buyers have some leverage, but not as much as they would like.

Average price in Brooklyn still cheaper than Manhattan at under $1000 a square foot.

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