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Elliman Report: Brooklyn Sales 2Q 2015

In what continues to be a recurring theme, Brooklyn housing prices pushed higher and records were set across the market. Attribution for these price gains goes to improving local economic conditions and low, but rising inventory. While median sales price set a record in the previous quarter, average sales price set a new high in the second quarter, rising 0.7% to $788,529 from the prior year quarter. Median sales price increased 5.2% to $605,000 over the same period, falling 1% short of the record set in the prior quarter, but year-to-date, was ahead of last year by 10.8%…

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