Year-over-year pricing is up in Brooklyn for the 5th consecutive quarter. The median sales price has increased 3.7% to $480,000. The volume of sales in Brooklyn has remain nearly unchanged for two years. The average property was on the market 142 days before selling. Brooklyn continues to generate extremely high demand as it has established itself as a legitimate alternative to the Manhattan market for those that can afford to choose either. New condos, historic districts, and a very short commute to downtown and midtown continue to attract buyers.
Company: Akerly Real Estate Team
Phone: 212-400-4838
Email: keytothecity at akerlyre dot com
