New development condo report

Brooklyn

• Inventory contracted as developers filed more units than were purchased
• Developers filed 14 plans with 232 units
• The state approved 11 plans with 77 units valued at $78 million
• Buyers purchased 125 units valued at $132 million

Queens

• Inventory stayed flat as developers filed about as many units as were purchased
• Developers filed one plan with 29 units
• The state approved three plans with 64 units valued at $56 million
• Buyers purchased 28 units valued at $23 million

Supply

Demand