ELIKA REAL ESTATE · MARKET INTELLIGENCE
The ELIKA Barometer.
A monthly reading of market pressure.
Manhattan and Brooklyn, in historical context.
ARCHIVED READING · AUGUST 2026
What August showed.
Manhattan
Manhattan’s three-month contract-to-new-listing ratio for August exceeded every August reading from 2016–2025. The combined reading was 66/100 including new developments and 53/100 for resales only, where the activity and supply components pointed in opposite directions.
Brooklyn
Across Brooklyn resales and New Developments, August’s average discount from the last asking price was lower than in eight of the prior ten Augusts, while reported days on market for homes entering contract were lower than in nine. Those component ranks, 80 and 90, average to a negotiation score of 85/100; the combined reading was 58/100, while resales only scored 50/100.
The activity ratio can rise through more contracts, fewer new listings, or both.
Manhattan
Tilted toward sellers
Component spread · 60.0 points
- Supply
- 40.0
- Activity
- 100.0
- Negotiation
- 57.5
+10.8 points over three monthsMoved toward sellers
What drove this reading?
Activity (100) is the strongest seller-side component: contracts relative to incoming listings ranked above the prior ten August observations. Supply (40) pulls toward buyers, while negotiation (57.5) adds a modest seller-side contribution.
Brooklyn
Tilted toward sellers
Component spread · 55.0 points
- Supply
- 30.0
- Activity
- 60.0
- Negotiation
- 85.0
+4.2 points over three monthsLittle changed
What drove this reading?
Negotiation (85) is the strongest seller-side component, reflecting the combined discount and days-on-market ranks. Activity (60) also leans toward sellers, while supply (30) pulls toward buyers.
Lower readings suggest conditions more favorable to buyers.
Higher readings suggest conditions more favorable to sellers.
Each reading compares the borough with its own historical conditions. It describes the broader market, not the negotiating position of every buyer or seller.
What does 50 mean?
50 is a historical midpoint. It does not establish equal negotiating power between buyers and sellers. These readings are not sale-price forecasts.
Co-op and condominium apartments · Resales and New Developments
Through August 31, 2026 · Townhouses are excluded.
AUGUST 2026 · RESALE COMPARISON
Resales only.
Separate readings for co-op and condominium apartment resales. New Developments and townhouses are excluded. The methodology is unchanged; each borough’s resale inputs are compared with its own same-month resale history.
Manhattan
Slight seller-side tilt
Component spread · 90.0 points
- Supply
- 10.0
- Activity
- 100.0
- Negotiation
- 50.0
+6.7 points over three monthsMoved toward sellers
Wide component divergence. Read the components alongside the combined score.
What drove this reading?
Activity (100) pulls strongly toward sellers, but supply (10) pulls strongly toward buyers. Negotiation (50) is at the midpoint, leaving only a slight seller-side tilt overall despite the wide component divergence.
Brooklyn
No clear buyer or seller tilt
Component spread · 30.0 points
- Supply
- 30.0
- Activity
- 60.0
- Negotiation
- 60.0
−11.7 points over three monthsMoved toward buyers
What drove this reading?
Activity (60) and negotiation (60) lean toward sellers, while supply (30) pulls toward buyers. These contributions offset in the combined reading of 50, with no clear buyer or seller tilt.
Through August 31, 2026 · RealPlus Market Analytics · Resale reports retrieved September 28, 2026. Lower readings suggest conditions more favorable to buyers; higher readings suggest conditions more favorable to sellers, relative to each segment’s own history. A reading of 50 is a historical midpoint, not proof of equal negotiating power.
THE AUGUST 2026 READING
Read the signals together.
Manhattan’s reading is 66/100 and Brooklyn’s is 58/100. Each borough is compared with its own same-month history; the two readings are not a citywide score.
These are dated monthly observations, not a live transaction feed. A strong component can coexist with a weaker one, so the combined reading should be considered alongside supply, activity and negotiation. Component disagreement alone does not establish a market transition.
| Borough | Supply | Activity | Negotiation | Combined |
|---|---|---|---|---|
| Manhattan | 40.0 | 100.0 | 57.5 | 65.83 |
| Brooklyn | 30.0 | 60.0 | 85.0 | 58.33 |
SEPTEMBER 2025–AUGUST 2026
Past 12 months · Retrospective calculations
Calculated September 28, 2026. We applied the unchanged methodology to 12 months of historical data and verified the calculations. Earlier readings were calculated retrospectively; they were not published at the time. This chart provides retrospective context for the Barometer’s first published reading.
See how each borough’s monthly reading has moved, with and without new developments. Both series cover co-op and condominium apartments; townhouses are excluded.
Manhattan
August 2026: 66 including new developments · 53 resales only
Brooklyn
August 2026: 58 including new developments · 50 resales only
Editorial reuse requires credit to ELIKA Real Estate — ELIKA Barometer and a link to the August 2026 reading. Retain the chart’s title, dates, legend and notes. View chart reuse terms.
Scale: 0–100. Higher readings indicate greater historical seller pressure; lower readings indicate less. The dotted line at 50 marks the historical midpoint, not equal negotiating power. Gaps mean a required input was unavailable; no scores are estimated or carried forward.
Reconstructed on September 28, 2026 using the unchanged realplus-seasonal-rank-1.2.2 method. Each month is compared with the same calendar month in its preceding ten years. The lines connect monthly readings without smoothing. Source: RealPlus Market Analytics, retrieved September 27, 2026 for resales and new developments, and September 28, 2026 for resales only. These are calculations from those source snapshots, not readings published at the time; source revisions may change the reconstructed history.
View monthly readings and data gaps
| Month | Manhattan · All | Manhattan · Resales | Brooklyn · All | Brooklyn · Resales |
|---|---|---|---|---|
| 65.83 | 53.33 | 58.33 | 50.00 | |
| 70.00 | 68.33 | 65.00 | 61.67 | |
| 64.17 | 60.00 | 65.83 | 64.17 | |
| 55.00 | 46.67 | 54.17 | 61.67 | |
| 55.83 | 55.00 | 55.00 | 53.33 | |
| 65.00 | 59.17 | 60.00 | 60.00 | |
| 68.33 | 66.67 | 58.33 | 45.83 | |
| 63.33 | 66.67 | 70.83 | 61.67 | |
| 75.00 | 78.33 | 56.67 | 58.33 | |
| Unavailable | 69.17 | 66.67 | 67.50 | |
| 74.17 | 75.00 | 59.17 | 56.67 | |
| 64.17 | 70.00 | 60.83 | 65.83 |
METHODOLOGY
One method. Fixed weights.
Each input is ranked against the same calendar month in the ten preceding years. For this reading, August 2026 is compared with August 2016–2025. The rank is 100 × (prior observations below the current value + half of equal observations) ÷ 10.
⅓ Supply
RealPlus reported monthly months of supply. Lower supply receives a higher seller-pressure rank.
⅓ Activity
Contracts signed divided by new listings, both totaled over three months. A higher ratio receives a higher rank. This is not a matched-property conversion rate.
⅓ Negotiation
The equal average of last-ask discount and contract-cohort days-on-market ranks. Lower inputs receive higher seller-pressure ranks.
The combined score is the equal average of the three groups, rounded only for the headline. Mortgage rates are separate financing context and do not change the score.
How to interpret the bands and changes
Direction labels use the unrounded score: below 50 suggests conditions more favorable to buyers; 50 indicates no clear buyer or seller tilt; above 50 suggests conditions more favorable to sellers. “Slight seller-side tilt” describes Manhattan’s resale reading of 53.3, close to 50; it is not a separate numerical band. These labels describe the reading, not proven negotiating power.
The historical reference bands remain below 33⅓, 33⅓–66⅔, and above 66⅔. A component spread of 90 points or more is described as wide component divergence. Read the components alongside the combined score.
Ten-observation ranks are coarse. Momentum compares two seasonal index readings, not sales growth or a smoothed index. The comparison sets change each month. No price forecast, appraisal or property-specific negotiating advantage is implied.
For three-month changes, moves under 5 points in either direction are labeled “Little changed”; moves of 5 points or more are labeled toward buyers or sellers. This is a presentation convention, not a statistical significance threshold. Exact point changes remain visible.
Method version: realplus-seasonal-rank-1.2.2. The method and weights are not adjusted to fit an expected reading.
Sources and coverage.
Source: RealPlus Market Analytics. Manhattan and Brooklyn are pulled separately and cover co-op and condominium apartments. Both series run through August 31, 2026; townhouses are excluded.
Resales and New Developments: the provider’s “All” filter, retrieved September 27, 2026. Resales only: a separate data pull using the provider’s “Resale” filter, retrieved September 28, 2026. Each series uses its own matching historical source universe.
What “New Developments” means here: this is our display label for the provider’s non-resale category. That classification can include units in older buildings; it is not a construction-age filter.
The “All” filter does not establish that every transaction is reported. Missing transactions, revisions, differences in reporting timing and unreported concessions can affect the readings.
This page publishes ELIKA’s derived readings and methodology. Raw RealPlus inputs and a downloadable underlying series are not offered here.
FOR REPORTERS & RESEARCHERS
A stable source for your story.
Cite: ELIKA Real Estate, ELIKA Barometer, August 2026. Observation period ends August 31, 2026.
https://www.elikarealestate.com/elika-barometer/2026-08/
Chart downloads and editorial use.
ELIKA’s downloadable Barometer charts may be reproduced for editorial reporting without prior written permission, provided each use credits “ELIKA Real Estate — ELIKA Barometer” and links to the dated reading shown on the chart. Retain the chart title, reporting period, legend and explanatory notes, and do not alter the data or imply endorsement. Other republication of ELIKA’s original content or derived datasets requires prior written permission, except as permitted by law. Third-party data remains subject to its provider’s terms; this notice grants no rights to the underlying RealPlus data.
Required credit: ELIKA Real Estate — ELIKA Barometer. Required link: dated reading.
Contact ELIKA about other uses · Terms version 2.0 · September 28, 2026.
Monthly archive.
Each dated page preserves the published reading for that month. It is not overwritten with the next month’s results.
FOR JOURNALISTS & PUBLISHERS
Embed the current ELIKA Barometer.
Use this responsive, read-only card to cite the published October 2026 Manhattan and Brooklyn readings. It updates from the same reviewed Barometer release shown on this page; no separate score is maintained.
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