New development condo report

Brooklyn

• Inventory contracted as developers filed fewer units than were purchased
• Developers filed 8 plans with 78 units
• The state approved 1 plan with 4 units valued at $3.7 million
• Buyers purchased 166 units valued at $151 million

Queens

• Inventory expanded as developers filed more units than were purchased
• Developers filed 2 plans with 108 units
• The state approved 1 plan with 6 units valued at $4 million
• Buyers purchased 77 units valued at $86 million

Supply

Demand