Pictured above: 56 Bergen St, Unit 1R.
The Riolo Properties Team at Compass has released their monthly report on the property market in District 13 and District 15—your inside look at how Brooklyn real estate is moving this month!
After a strong September rebound of inventory, the Brooklyn buyers ate up that new inventory in a fury of activity. Both Districts 13 and 15 posted over 40 contracts signed in October bringing inventory levels back down closer to the summertime market.
In District 13, active listings dipped to 76, down from 125 in September. Signed contracts held consistent at 43, while closings eased to 43 from last month’s 64 (remember there is a lag of 60-90 days from contract signing to close generally).
Over in District 15, inventory also trimmed down to 102 active listings, from 149 the month prior. Strong contract signed data with 57, up from 48 in September, and closings were consistent at 57.
The Brooklyn market keeps trucking along despite the news about the mayoral election and all the other headlines that paint a different picture. The Federal Reserve decided to cut rates 25 basis points in October, which actually pushed the 10-year treasury yield up over 4%. Mortgage rates have been little affected at this time, as they still are hovering just under 6%.
As always, The Riolo Properties Team at Compass is here to help the Brooklyn Bridge Parents community navigate what’s next—whether you’re thinking of listing soon or planning a move in 2026.
Peter and the Riolo Property Team at Compass will be back in November with their monthly real estate update! Their team is here to provide more detailed reports or collections of properties. Access to all listings is free, you just need an account with Compass.
Main Image: 56 Bergen St, Unit 1R.
