It’s time for the NYC monthly sales market update! Here’s a look at some key numbers for February 2026 in Manhattan and Brooklyn. 

To view the full NYC sales market monthly update for February 2026, click here. And to view stats for the previous month, click here. 

Manhattan

The market performance for Manhattan was a bit of a mixed bag. 

February 2026 was surprisingly slower than last year but there was a solid increase in contract activity compared to January. Prices were up by quite a bit compared to last year and had a decent increase compared to the prior month – to the tune of 19% and 11%, respectively. 

However, sellers shouldn’t get too excited. Most of these increases were driven by more high end sales in excess of $3,000 per square foot. It doesn’t necessarily mean we’re seeing gains across property types. 

The listings situation wasn’t too encouraging for buyers in February. The number of available listings was actually lower than last year. Overall inventory did increase compared to January, which shows the market performed in line with seasonality. But new listings were still relatively muted.

So overall, this was a rather lackluster performance on the part of Manhattan. 

Brooklyn

Similar to Manhattan, contracts signed were down compared to the prior year, but they saw a major boost compared to the prior month – up 24%.  

And like Manhattan, the borough saw some year over year and month over month increases in price per square foot. But again, like Manhattan, this was driven by higher end sales, as the borough saw some solid new development sales with prices in excess of $2,500 per square foot. 

But unlike Manhattan, Brooklyn buyers actually had some reason to be a little excited. Inventory increased year over year and month over month. In fact, this was one of the best Februarys for listings in almost 3 years. The borough is still lagging behind 10 year averages, but this was really good news for buyers. 

However, these gains aren’t equal across product types. So buyers’ mileage will vary in terms of options depending upon the location and property type they’re seeking. 

What’s Next for the Market

I expect that Manhattan will perk up a bit in line with seasonality. So we’ll likely see more contracts signed and more listings as we hit the beginning of the spring sales season. But it’s harder to predict if we’re going to see any year over year gains. I think Brooklyn is the more likely of the two to have a solid March. But the big question right now is interest rates. They were previously poised to hit some of the lowest levels in years, but economic and geopolitical uncertainty are now throwing that into question. And their movement may either encourage or discourage buyers to get off the sidelines and for sellers to list their apartments. 

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