…The Brooklyn housing market continued to show
broad stability in price and sales activity, as listing
inventory continued to fall. The familiar restraint
of tight mortgage lending conditions tempered
additional demand created by falling mortgage
rates.
Mixed housing price indicators in the third quarter
reflected the general stability of the market. Median
sales price slipped 0.8% from $510,000 in the
same period last year to $506,000, still marking its
second highest level in four years. Average sales
price increased 1.1% from $607,867 in the prior
year quarter to $614,437…