Park Slope Market Trends: Prices, Inventory, Time To Sell

Is Park Slope moving fast or settling into balance? If you are watching listings and trying to time a sale or a purchase, the signals can feel noisy. Co-ops, condos, and brownstones all tell different stories, and a single high-end sale can throw off averages. This guide breaks down prices, inventory, and time to sell so you can read the market with confidence and act with a clear plan. Let’s dive in.

Why Park Slope behaves this way

Park Slope has a diverse housing mix that includes prewar brownstones and rowhouses, co-ops, condos, and small multi-family homes. That mix means trends often differ by property type and price band. A renovated brownstone can sell at a very different pace and price than an entry-level co-op.

Demand is steady thanks to location near Prospect Park, transit access, and an established preference for tree-lined streets and historic architecture. Proximity to Manhattan and repeat local buyers help support mid-to-upper price segments. These persistent demand drivers keep buyers engaged even when interest rates shift.

Month-to-month numbers can swing because the neighborhood is relatively small. A few large transactions can move the median quickly. When you look at data, use rolling 3 to 12 month views and compare co-ops, condos, and houses separately.

Key metrics you should watch

List-to-sale price ratio

This ratio is the final sale price divided by the most recent list price, multiplied by 100. It shows how close homes sell to asking. As a rule of thumb, results over 100 percent often signal multiple offers, around 97 to 100 percent is balanced, and under 95 percent shows buyers have more leverage.

In Park Slope, this metric is sensitive to price cuts and re-listings. It is also skewed by a few standout sales. Ask to see list-to-sale ratios by property type and within your price band for clarity.

Days on market

Days on market measure how long a listing takes to go under contract. Median DOM is more reliable than average because it is less affected by outliers. Under 30 days is considered hot, 30 to 90 days is balanced, and over 90 days signals slower movement.

For Park Slope, lower-priced co-ops often move faster than high-priced townhouses. Co-ops can also take longer because of board approvals, so a longer DOM does not always mean weak demand. Clarify whether your source counts days to contract or days to closing, since those can differ.

Inventory and months of supply

Active inventory is the number of homes currently for sale. Months of supply is calculated using the absorption rate, which is sales per month divided by active listings. Months of supply under 3 tends to favor sellers, around 3 to 6 is balanced, and over 6 favors buyers.

Break these figures down by co-ops, condos, and brownstones, and also by price tier. The luxury segment can show higher months of supply even when entry-level co-ops feel tight.

Other helpful measures

• Median vs mean price. The median is less sensitive to a high-end townhome sale. The mean can be skewed by a few expensive closings.
• Price per square foot. This is useful for similar condos. For brownstones with unique layouts, it is less reliable.
• Pending to active ratio. A high ratio, plus new listings turning pending quickly, signals strong demand.
• Price-cut frequency. Rising price reductions are an early sign of softening demand.

Co-ops, condos, and brownstones differ

You should read each segment separately. Co-ops often have board approvals and financing rules that affect both timing and the buyer pool. Condos can attract broader demand, including some buyers who value flexibility. Brownstones and 2 to 3 family homes vary widely by condition and configuration.

If you are comparing properties, narrow your filters to a 2 to 4 block radius and match for type and condition. A renovated brownstone can command a much higher price per square foot than an unrenovated one. When in doubt, use tighter comps rather than broad neighborhood medians.

How to read today’s signals

If signals favor sellers

• Look for list-to-sale ratios at or above 100 percent, low months of supply, and short DOM.
• Price just under top-of-market comps to create urgency.
• Use a focused marketing window of 2 to 3 weeks to maximize showings and encourage early offers. Strong staging and pre-list prep help convert interest into bids.

If the market is balanced

• Expect list-to-sale ratios around 97 to 100 percent and DOM in the 30 to 90 day range.
• Price in line with recent comps and allow a full marketing runway of 4 to 8 weeks.
• Expect negotiation on repairs, timing, or small concessions.

If buyers have the edge

• Watch for months of supply over 6, a falling list-to-sale ratio, and DOM over 90 days.
• Make early price adjustments if showings are light after 2 to 4 weeks.
• Invest in targeted improvements and refresh marketing. Be open to concessions that keep the deal moving.

Buyer strategies that work

• Prepare your pre-approval and financials so you can act quickly when a good listing appears.
• In competitive weeks, lead with a strong initial offer and tighten non-essential contingencies after consulting your attorney and agent.
• In balanced or slower periods, use recent comparables to negotiate price, timing, and credits.
• Track the pending to active ratio and the pace at which new listings go into contract. Those are early clues that momentum is shifting.

Timing your move

Spring often brings more listings and buyers. That added choice is helpful for shoppers, though you may face more competition. Motivated buyers and sellers transact all year, so rely on current inventory and pending ratios rather than seasonality alone.

Pay attention to contract activity, not just closed sales. Public records lag real-time conditions by weeks or months. If you want to read the market today, focus on new listings, price cuts, and properties that go pending this week.

Use rolling averages, not one-month spikes

Park Slope is a small neighborhood. A handful of luxury closings can move the average sale price in a single month. Smooth out the noise by using 3 to 6 month rolling views, then segment by co-op, condo, and brownstone. Cross-check with the median rather than the mean when there are outlier sales.

What to ask your agent

• Recent comparable sales within the last 90 days, by property type and within a 2 to 4 block radius.
• Active inventory counts by type and price band at your target budget.
• Pending to active ratio and the number of new listings in the last 30 days.
• Median DOM and list-to-sale ratio for your segment using a 3 to 6 month rolling average.
• Frequency and average size of recent price reductions in your band.
• Typical co-op board timelines and common board questions in comparable buildings.

How to set expectations

For sellers

• Pricing. Align with segmented comps. Avoid overpricing in the first week when momentum is most valuable.
• Presentation. Use staging, photography, and accurate floor plans. Pre-list inspections and clear documentation can speed buyer diligence.
• Timeline. In hot conditions, expect shorter windows and potentially multiple offers. In balanced or slow periods, plan for 4 to 12 weeks before contract depending on type and price.

For buyers

• Budget and terms. Know your ceiling and be ready to move on inspections and financing timelines when it counts.
• Property type nuance. Co-ops require more documentation and board approval, which adds time. Brownstones require careful condition assessments that can affect your offer strategy.
• Offer strategy. Use data on DOM and list-to-sale ratios to shape your initial price and your negotiation plan.

Reading real examples

• List-to-sale over 100 percent and DOM under 30 days in your segment usually means you should price tight as a seller or bid strong as a buyer. Expect fast timelines.
• List-to-sale around 98 percent with DOM near 60 days suggests a balanced environment. Sellers should allow for full exposure. Buyers can negotiate credits and timing.
• DOM over 90 days and months of supply above 6 signal more leverage for buyers. Sellers should consider early price improvements and enhanced marketing.

The bottom line

The Park Slope market is manageable when you segment the data and watch momentum indicators. Focus on list-to-sale ratios, DOM, and months of supply within your exact property type and price band. Smooth the noise with rolling averages and use contract activity to read what is happening now.

If you want a tailored plan for your block, your building type, and your timeline, reach out. From one-showing readiness and production-grade staging to a clear buyer interview and strategy, you can move with confidence alongside Tina Fallon.

FAQs

What does list-to-sale ratio mean in Park Slope?

• It shows how close a home sells to its latest asking price, and you should view it by property type and price band because co-ops, condos, and brownstones behave differently.

How long do Park Slope homes take to sell?

• Median days on market under 30 days is hot, 30 to 90 is balanced, and over 90 is slow, but co-op board approvals and property type can lengthen timelines.

How should I interpret months of supply locally?

• Under 3 months favors sellers, around 3 to 6 is balanced, and over 6 favors buyers, with higher-end segments often showing more supply than entry-level co-ops.

Do co-op timelines affect pricing and negotiation?

• Yes, board approvals can extend the process, so a longer DOM on a co-op may reflect procedure rather than weak demand, which can change how you negotiate.

Should I cut price if my DOM is rising?

• Not always; if showings are strong but offers are low, consider a targeted adjustment, and if showings are weak, improve marketing or staging first, then reassess after 2 to 4 weeks.

When is the best season to list or buy in Park Slope?

• Spring brings more listings and buyers, but the best timing depends on current inventory, pending ratios, and your personal timeline rather than the calendar alone.