…The Brooklyn housing market was characterized
by more modest price growth and chronic lack
of inventory, holding back sales growth. Median
sales price expanded 1% to $520,000 from
the same period last year and the highest first
quarter result in 6 years. Average sales price
grew 7.3% to $681,182 over the same period.
Co-ops posted the largest year-over-year gain
in median sales price, rising 12.2% to $340,000
but lost 2.1% of the market share. Condos
remained essentially unchanged over the year
with a $625,000 median sales price and market
share edged 1.6% higher. The 1-3 family median
sales price increased 5.1% to $588,733 and
market share increased a nominal 0.5%…