Property sales in our Brooklyn neighborhoods December 2024

To all of our readers, we want to wish you heartfelt warm wishes for a new year full of perfect health and joyous moments. We are offering a free real estate goal-setting seminar for all BBP readers. Email rioloproperties@compass.com for more info!

The December 2024 real estate market in District 13 and District 15 closed out the year as one may expect, a rush to the closing table and little change in inventory. In District 13, active listings increased slightly to 85 from November’s 79, suggesting a slight uptick in sellers entering the market, which we expect to see more of in the beginning of 2025. Contracts signed dipped to 76 from 99 as the holidays slowed down buyer activity. Properties sold, however, rose to 102 from 67 in November, highlighting that buyers who were active were serious about closing deals before year-end. In District 15, active listings decreased to 75 from November’s 101, showing tighter inventory. Despite this, contracts signed data also contracted, as one may expect with limited inventory, to 87 compared to the previous month’s 124. Properties sold also increased to 89 from 72 in November, demonstrating again the year-end push.

As we steps into a fresh year, the real estate market in District 13 and District 15 is poised for new opportunities. While the holiday season brought the usual slowdown in some areas, the strong number of closed sales in December signals that buyers and sellers are ready to make moves. With 2025 just beginning, fresh inventory and new possibilities are on the horizon, making it an exciting time to plan your next steps. Whether you’re looking to buy, sell, or invest, staying informed will be your key to navigating New York’s ever-changing market.

Our monthly report on the property market (condo and coop as well as townhouse sales, below for the month of December) in District 13 and District 15 as well as the neighborhoods that make up those school districts including Brooklyn Heights, DUMBO, Boerum Hill, Cobble Hill and Park Slope is out for December. On each image below the data is broken down based on the status of properties: