Brooklyn housing prices continue to set new
records, due to rising sales and low inventory.
The median sales price of a Brooklyn residential
property increased 4.5% to a record $575,000
from the same period last year. Average sales
price also set a new record, rising 16.6% to
$783,296 from the prior year quarter. Median
sales price is now 6.5% above the $540,000
market peak reached in the third quarter of
2007 before the 2008 Lehman “tipping point.”…